Banking and Finance

Our Banking & Finance / Restructuring team has in-depth knowledge and expertise in relation to major project finance / restructuring transactions and insolvency proceedings of companies in a broad range of industry sectors.

 

Our work ranges from financial restructuring and refinancing to advising in debt finance.

 

Our team works closely with our clients to create innovative solutions tailored to their specific needs on various aspects of a banking and financing transaction. Our wealth of broad experience and deep understanding of the clients’ businesses offers a competitive advantage to us when structuring and negotiating the transactions and drafting necessary transaction documents. In particular, our team has an extensive experience in protection of assets of natural and legal persons entering into economic hardship, providing them to continue their business life by not drowning in the foreclosure and custody press and providing them with unimpeded return to their business life by paying all their debts. In this context, we choose and recommend the suitable instrument such as bankruptcy, concordatum, financial restructuring by evaluating the specific conditions of each event. 

 

Our restructuring, Banking & Finance team provide services to Turkey’s leading private sector representatives with our strong reputation in the sector. 

 

OUR SERVICES

 

 

Our team has been involved in many leading transactions, some of them are as follows:

 

Advising Bursaspor on its refinancing and restructuring project involving different Turkish banks. Significance of this deal is drafting tailored transaction documents based on the association nature of Bursaspor.

 

Advising Keskinoğlu on the TL 469 million refinancing and restructuring project in relation to refinancing of its existing loan from EBRD by a Turkish syndication of 10 banks that contains drafting and negotiating various complex transaction documents including share pledge, trademark pledge, account and deposit pledge, letter of guarantees, immovable and movable pledges.

 

Advising Pakpen on the TL 150 million trade receivables securitization project between Pakpen and Citibank London which includes formation of an SPV in Sweden and insuring the company’s receivables through an Excess of Loss (XoL) insurance policy. This transaction will be the first trade receivables securitization project in Turkey when it is completed.

 

Advising Derindere Turizm Otomotiv San. ve Tic. A.Ş. on its execution of a facility agreement with Commercial Bank of Qatar and also in connection with execution of a murabaha facility agreement with İslamic Corporation for the Development of the Private Sector (“ISD”). The loan structure is established in accordance with the Islamic rules.

 

Advising Derindere Turizm Otomotiv San. ve Tic. A.Ş. on TL 200 million bond issuance.

 

Advising a giant shipping company, on the successful signing of a credit agreement to obtain loans from Credit Suisse through a senior secured share backed financing.

 

Advised world’s leading global banks and financial institutions, on taxation of their incomes arising from loans extended to Turkish private entities and public enterprises in TRY and/or in foreign currency, obtained tax rulings from the Revenues Administration for these banks and institutions regarding their aforesaid transactions.

 

Advised world’s and Europe’s leading financial leasing companies, on taxation of their incomes arising from financial lease of vessels, aircrafts and land vehicles, obtained tax rulings from the Revenues Administration for these companies regarding their aforesaid transactions.