Samvardhana Motherson issues EUR 200M guarantee for subsidiary's loan

Samvardhana Motherson International Limited has announced the issuance of a corporate guarantee for a Term Facility availed by its indirect wholly owned subsidiary, Motherson Global Investments B.V. The facility amounts to EUR 200,000,000. The guarantee will be effective within six months of the first tranche disbursement and is capped at 105% of the facility amount, totaling EUR 210,000,000. The guarantee's validity extends up to October 31, 2031. The company states this guarantee will not impact its consolidated financial statements as the facility is availed by the subsidiary.