Samvardhana Motherson issued corporate guarantee for EUR 720 million revolving credit facility availed by wholly-owned subsidiary Motherson Global Investments B.V.
The guarantee covers up to 105% of facility amount (EUR 756 million) with maximum validity extending until August 15, 2029.
Existing revolving facility of EUR 670 million will be cancelled, with EUR 737 million obligation continuing until August 16, 2026.
No impact on consolidated financial statements as the facility is for wholly-owned subsidiary.