23
Fri, Apr
47 New Articles

Paksoy, White & Case, and GKC Partners Advise on Osmangazi Elektrik Dagitim Financing

Paksoy, White & Case, and GKC Partners Advise on Osmangazi Elektrik Dagitim Financing

Turkey
Tools
Typography
  • Smaller Small Medium Big Bigger
  • Default Helvetica Segoe Georgia Times

Paksoy has advised the Zorlu Group on raising USD 330 million for Osmangazi Elektrik Dagitim AS from the EBRD, IFC, Nederlandse Financierings Maatschappij Voor Ontwikkelingslanden N.V., and Turkish commercial banks. White & Case and GKC Partners advised the consortium of banks on the deal.

OEDAS is an electric distribution company operating in five cities, namely, Eskisehir, Afyon, Usak, Kutahya, and Bilecik.

According to the EBRD, the funds will finance the upgrade, modernization, and expansion of the distribution network, which serves around 2.7 million people in 194 towns and 1,596 villages. Improvements are expected to reduce electricity losses and enable the connection of increased solar capacity, as a result saving at least 40,000 tons of CO2 emissions per year. The loan should also enhance environmental and safety standards and improve the efficiency and reliability of supply.

These investments are part of a capital expenditure program required by Turkey's Energy Market Regulatory Authority for the five-year regulatory period between 2016 and 2020.

The Paksoy team consisted of Partner Togan Turan and Associates Soner Dagli and Beril Paksoy.

The White & Case team consisted of Istanbul-based Partner Sebastian Buss and London-based Associates Anna Hawker and Seyfi Can Kandemir. The GKC Partners team included Partner Guniz Gokce and Associates Ates Turnaoglu, Baran Abur, Idil Kalaycioglu, and Can Argon.

 

Turkey Knowledge Partner

NAZALI offers a broad range of services in the fields of Tax, Audit, Corporate and Commercial Law, Mergers & Acquisitions, Corporate Finance, Banking, Finance and Capital Markets, Protective Legal Services and Dispute Resolution, Personal Data Protection and Privacy, Social Security and Labor Law, Occupational Health and Safety, Competition Law, Intellectual Property Law and R&D, Compliance and White-Collar Crimes, Administrative Law, Real Estate Law, Customs and Foreign Trade, Accounting and Payroll, Financial Incentives and Advisory Services and Public Administration and Compliance through its partners, associates and consultants of different seniorities who have both public and private sector experience.

What sets NAZALI apart from others is that NAZALI offers a truly comprehensive service to its clients with experts from different disciplines working collaboratively as a team under one roof enabling us to evaluate all dimensions of legal matters together with financial and technical matters.

The services that NAZALI provides to its clients include the most appropriate solution with the support of technical departments specialized in their fields. In this context, NAZALI associates are supported by NAZALI technical team and work alongside the experts in the fields of finance, social security and customs matters. NAZALI has set out with the aim of providing the most efficient and comprehensive solution for its clients by adapting to the developing conditions and happily gained the trust of its clients by never compromising the quality of service.

As conditions continuously evolve, NAZALI always aims to further itself remaining true to its motto “GROW WITH KNOWLEDGE” and has set out with the aim of providing the most efficient and comprehensive solution for its clients by adapting to the developing conditions and happily gained the trust of its clients by never compromising the quality of service.

Firm's website: http://www.nazali.com

Our Latest Issue