Corporate guarantee for EUR 60M facility to indirect wholly owned subsidiary

Samvardhana Motherson International Limited will issue a corporate guarantee for a EUR 60 million term facility availed by its indirect wholly owned subsidiary Motherson Global Investments B.V. from Sumitomo Mitsui Banking Corporation. The guarantee is capped at 105 percent of the facility amount, equal to EUR 63 million, becomes effective within six months of first disbursement, and stays valid up to October 31, 2031. The company states there is no impact on consolidated financials since the borrower is a wholly owned subsidiary.