The Esin Attorney Partnership (EAP), a member firm of Baker & McKenzie International, has advised ING Group’s Turkish subsidiary on a syndicated loan obtained for general trade finance purposes. Balcioglu Selcuk Akman Keki Attorney Partnership (BASEAK), working alongside Dentons, advised the lenders.
EAP advised ING Bank A.S. (ING Bank Turkey) on a USD 101,078,522.51 and EUR 358,130,422.38 dual currency term loan agreement between it and a syndicate of 26 major banks. Wells Fargo Bank, N.A., London Branch, Bank of America Merrill Lynch International Limited, Barclays Bank PLC, Citibank N.A. London Branch, Goldman Sachs International, J.P. Morgan Limited, Mizuho Bank, Ltd., Standard Chartered Bank, and The Bank of Tokyo-Mitsubishi UFJ, Ltd. were Mandated Lead Arrangers. A further 17 banks committed to the deal at various levels. The deal was signed and closed on June 21, 2016.
Remarking on the matter, EAP Partner Muhsin Keskin, who led the firm’s team on the deal, commented that “the firm continues advising on the refinancing of ING Bank’s syndication since 2014, and we are very pleased to have worked with them again.” Keskin was supported by Associate Mustafa Ozkan Ozdogan.
This marks the third straight year that Keskin has led an EAP team advising ING on its syndicated loan refinancing, following similar projects in 2014 (as reported by CEE Legal Matters on March 25, 2014) and 2015 (as reported on June 16, 2015).
Editor's Note: After this story was published, Dentons informed CEE Legal Matters that London-based Partner Isaac Felberbaum and Associate Nicola Balmer had worked with BASEAK Partner Gunhan Yalcin and Associates Ceyda Aydin and Cemre Demirkaya in advising the lenders.
