Loan & Debt8 May 2026, 10:51 pm
Motherson Guarantees €756M Revolving Credit for Subsidiary
AI Summary
Samvardhana Motherson International Ltd. has issued a corporate guarantee in favor of lenders for a revolving credit facility availed by its wholly-owned subsidiary, Motherson Global Investments B.V. The facility amounts to EUR 720 million, with the company's potential liability capped at EUR 756 million. The guarantee is valid until August 15, 2029, and will replace an existing EUR 670 million facility, with an obligation of EUR 737 million continuing until August 16, 2026.
Key Highlights
- Motherson provides corporate guarantee for subsidiary's revolving credit.
- The revolving credit facility is EUR 720 million, guaranteed up to EUR 756 million.
- Guarantee validity extends to August 15, 2029.
- Existing EUR 670 million facility will be cancelled, obligation continues until Aug 16, 2026.
- No impact on the consolidated financial statements of the company.