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Türkiye’s largest conglomerate, Koc Holding, has signed a credit agreement worth up to $600 million with a consortium of international banks to reinforce its liquidity position and bolster ongoing investments.
According to a statement submitted to Public Disclosure Platform (KAP), the participating lenders include Bank of America Europe DAC, BNP Paribas Fortis SA/NV, HSBC Bank Middle East Limited, ING Bank N.V. (Dublin Branch), JPMorgan Chase Bank N.A. (London Branch), MUFG Bank Ltd., Société Générale, and Standard Chartered Bank (Hong Kong) Limited.
The facility will be available for use within six months and carries a total maturity of five years, accruing interest at the Secured Overnight Financing Rate (SOFR)—the U.S. benchmark that reflects the cost of overnight borrowing backed by Treasury securities—plus 1.95%, excluding costs and commissions.
According to the repayment plan, the loan features an initial 2.5-year grace period during which no principal payments will be made.
After this phase, the remaining balance will be repaid in six equal semi-annual installments over the following 2.5 years, marking a five-year amortizing structure.
Headquartered in Istanbul, Koc Holding operates across key strategic sectors, including energy, automotive, finance, consumer durables, and retail.
Its major subsidiaries include Arcelik, Ford Otosan, Tofas, Yapi Kredi Bank, and Tupras, all of which play pivotal roles in Türkiye’s industrial and export capacity.
It is the largest conglomerate in Türkiye, with a consolidated asset size of ₺4.6 trillion ($192.7 billion).
The new syndicated facility is expected to further strengthen Koc Holding’s balance sheet, ensuring continued investment capacity and operational resilience against market volatility.
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