Samvardhana Motherson Intl Guarantees EUR 60M Facility for Subsidiary

Samvardhana Motherson International Limited (SMI) has agreed to issue a corporate guarantee for a Term Facility of up to EUR 60,000,000 availed by its indirect wholly owned subsidiary, Motherson Global Investments B.V. (MGI B.V.). The guarantee is in favor of Sumitomo Mitsui Banking Corporation. The potential liability for SMI is capped at 105% of the facility amount, totaling EUR 63,000,000. The guarantee will be effective within six months of the first tranche disbursement and will remain in force until October 31, 2031. SMI states there is no impact on its consolidated financial statements as the facility is for a wholly owned subsidiary.