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Baker McKenzie Advises BNP Paribas on EUR 50 Million Syndicated Loan to Turkcell

Baker McKenzie Advises BNP Paribas on EUR 50 Million Syndicated Loan to Turkcell

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Baker McKenzie has advised BNP Paribas on matters of English and Turkish law related to its EUR 50 million sustainability-linked loan to Turkcell for a three-year term. Unsal Avukatlik Ortakligi reportedly advised Turkcell.

According to Baker McKenzie, "should Turkcell meet the terms of the loan, that mainly focus on electronic waste recycling, using solar energy, and a reduction in paper consumption, then the annual cost of the loan will decline."

The Baker McKenzie team was led by Partners Michael Foundethakis and Muhsin Keskin and included Associate Erdi Yildirim and Trainee Gokce Onder.

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