The Esin Attorney Partnership in Turkey and Baker McKenzie's Paris office have advised a syndicate of 18 international banks on a EUR 212 million and USD 56.5 million 367-Day Dual Tranche Term Loan Facility extended to TSKB-Turkiye Sinai Kalkinma Bankasi A.S. (Industrial Development Bank of Turkey) to fund TSKB's project finance-related transactions and its customers' trade finance transactions. Yazici Legal advised TSKB on the loan.
The current facilities replace TSKB's previous EUR 237.5 million and USD 12.5 million multi-tranche term loan facilities of June 28, 2016 and maturing on July 13, 2017 (which in turn, as reported by CEE Legal Matters on July 5, 2016, replaced TSKB’s USD 17.5 million and EUR 213 million multi tranche term loan facilities dated July 2, 2015 and maturing on July 11, 2016). The Esin Attorney Partnership and Yazici Legal advised on that previous loan as well.
Baker McKenzie's global head of banking & finance, Partner Michael Foundethakis, and the head of banking and finance in Istanbul, Partner Muhsin Keskin, led the team advising the lenders, with support from Paris-based Associate Nicholas Macheras and Istanbul-based Associates Berk Cin and Erdi Yildirim.
The Yazici Legal team was led by Partner Gunes Yalcin and included Associates Fahri Can Dogan and Ayris Acikalin.
