Istanbul, Turkey, 6 July 2015 – Commerzbank Aktiengesellschaft, Filiale Luxemburg, BayernLB, BNP Paribas, CITI, HSBC Bank plc, ING, Raiffeisen Bank International AG, Societe Generale Corporate & Investment Banking and Standard Chartered Bank and a wider syndicate of international banks extends multi tranche term loan facility to the Industrial Development Bank of Turkey (TSKB) to fund TSKB's project finance-related transactions and its customers' trade finance transactions.

"This is the fourth consecutive TSKB syndication which the Firm has advised a syndicate of banks led by Commerzbank Aktiengesellschaft, Filiale Luxemburg over the last four years, and our team's success has, once again, further cemented our relationship with the bank in Turkey and globally," commented Banking & Finance partner Muhsin Keskin.

The Firm advised Commerzbank Aktiengesellschaft, Filiale Luxemburg, BayernLB, BNP Paribas, CITI, HSBC Bank plc, ING, Raiffeisen Bank International AG, Societe Generale Corporate & Investment Banking and Standard Chartered Bank as Mandated Lead Arrangers in relation to a EUR213,000,000 and USD17,500,000 Multi Tranche  Term Loan Facility extended to Turkiye Sinai Kalkinma Bankasi A.S., the Industrial Development Bank of Turkey.

The deal was signed on 2 July 2015.

A cross-border team of lawyers from Baker & McKenzie SCP (Paris) and Esin Attorney Partnership (Istanbul), a member firm Baker & McKenzie International, advised on the term loan facility. The Firm's EMEA head of Banking & Finance Michael Foundethakis (Paris) and Banking & Finance partner Muhsin Keskin (Istanbul) led the team advising the lenders with support from associates Nicholas Macheras (Paris) and Berk Cin (Istanbul).

The Firm has recently advised on a number of loan syndications in the Turkish market demonstrating its increasing market share. The team advised Burgan Bank A.S. (Burgan Bank Turkey) on a USD 77 million and EUR 42 million syndicated multi-tranche dual-currency term loan agreement between Burgan Bank and a syndicate of 12 banks and advised ING Bank Bank A.S. (ING Bank Turkey) on a $244,496,076 and €311,996,072 multi tranche dual-currency term loan agreement between ING Bank A.S. and a syndicate of 26 major banks from 11 countries.
 

* * * * *

About Esin Attorney Partnership

Esin Attorney Partnership has long been a leading provider of legal services in the Turkish market. Today, as a member firm of Baker & McKenzie, our team of nine partners and more than 60 lawyers is an integral part of a seamless global network. Our Banking & Finance team is experienced in advising on acquisition finance, trade and export finance, project finance, syndicated lending, securitization, restructuring and insolvency, and other banking and finance matters. The team was recently ranked in Tier 2 of IFLR 1000's Banking & Finance Turkey publication after positive feedback from clients.

About Baker & McKenzie

Founded in 1949, Baker & McKenzie advises many of the world's most dynamic and successful business organizations through more than 11,000 people in 77 offices in 47 countries. The Firm is known for its global perspective, deep understanding of the local language and culture of business, uncompromising commitment to excellence, and world-class fluency in its client service. Global revenues for the fiscal year ended 30 June 2014, were US$2.54 billion. Eduardo Leite is Chairman of the Executive Committee. (www.bakermckenzie.com)

The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.