Beko successfully completes €125 million loan from Italian export credit agency SACE

• 10-year loan strengthens capital structure and supports strategic development
• Agreement enhances opportunities for Italian supply chain partnerships and economic cooperation

ISTANBUL,May 5, 2025/PRNewswire/ -- Beko, a leading global manufacturer of white goods, has secured a €125 million, 10-year push strategy loan with SACE,Italy'sexport credit agency and insurance-finance group, fully owned by the Ministry of the Economy and Finance.

The agreement was formalized during a signing ceremony inRomebringing together Fatih Kemal Ebiçlioğlu, Consumer Durables Group President of Koç Holding (the parent group of Beko); Barış Alparslan, Chief Financial Officer at Beko; andAlessandra Ricci, CEO at SACE. Their combined presence reinforced the shared commitment to strengthen economic cooperation.

This long-term financing strengthens Beko's capital structure and enhances the company's ability to pursue strategic growth. It also creates opportunity for future procurement from Italian suppliers, strengthening the European supply chain ecosystem and reflecting Beko's commitment to long-term financial partnerships. This operation is part of SACE's Push Strategy Program, which facilitates relationships between strategic foreign buyers and the Italian production system. In this context, Beko has committed to participating in business matching events with Italian companies to explore new commercial opportunities.

"This financing agreement with SACE represents an important milestone in Beko's long-term strategy,"said Fatih Kemal Ebiçlioğlu, Consumer Durables Group President of Koç Holding."It creates valuable opportunities for collaboration with other Italian partners and supports our commitment to developing our operational capabilities sustainably and responsibly."

Barış Alparslan, Chief Financial Officer of Beko, commented:"This agreement provides important financial flexibility for our operations and reflects the confidence of leading global institutions in our long-term approach."

Alessandra Ricci, CEO of SACE:"We are proud to initiate this collaboration with Beko, a globally recognized industrial leader and strategic partner for our production system. This operation is a concrete example of how SACE's Push Strategy can create real opportunities for Italian businesses by promoting innovation and facilitating access to new value chains, in the complex global context."

BNP Paribas and Deutsche Bank acted as mandated lead arrangers.

ABOUT BEKO 

Bekois an international home appliance company with a strong global presence, operating through subsidiaries inmore than 55countries with a workforce ofover 50,000employees and production facilities spanning multiple regions—includingEurope,Asia,Africa, and theMiddle East.Beko has22 brandsowned or used with a limited license (Arçelik, Beko, Whirlpool*, Grundig, Hotpoint, Arctic, Ariston*, Leisure, Indesit, Blomberg, Defy, Dawlance, Hitachi*, Voltas Beko, Singer*, ElektraBregenz, Flavel, Bauknecht, Privileg, Altus, Ignis, Polar).Bekobecame the largest white goods company inEuropewith its market share (based on volumes) and reached a consolidated turnover of10.6 billion Eurosin 2024. Beko's30 R&D and Design Centers& Officesacross the globe are home to over 2,300 researchers and hold more than 3,500 international registered patent applications to date. The company achieved the highest score in theS&P Global Corporate Sustainability Assessment (CSA)in the DHP Household Durables industry for the sixth consecutive year (based on the results dated22 November 2024) and has been included in the Dow Jones Sustainability Indices for the eighth consecutive year.** Beko's vision is'Respecting the World, Respected Worldwide.'

www.bekocorporate.com 

*Licensee limited to certain jurisdictions.

 **The data presented belongs to Arçelik A.Ş., a parent company of Beko. 

ABOUT SACE

SACE is the insurance and financial group controlled by the Ministry of Economy and Finance, specializing in supporting the growth of Italian companies through a wide range of solutions to facilitate export and innovation, including financial guarantees, factoring, risk management and protection, advisory services and business matching. With a network of 11 offices inItalyand 13 worldwide in target countries for Made inItalyproducts, SACE serves over 60 thousand companies, supporting their growth inItalywith a portfolio of insured operations and guaranteed investments ofEuro 270 billionin around 200 foreign markets.

SOURCE Beko