Türk Telekom €420 million and $380 million club facility

Value:

$ 823.961 million

Status:

Completed

Date:

23/11/2015

Overview:

Türk Telekom secured a dual-tranche club loan facility from a group of 14 banks, structured as a €420 million tranche and $380 million.
Bank of America Merrill Lynch acted as coordinator.
The Bank of China, BNP Paribas Fortis, Citi, HSBC, ING, Intesa Sanpaolo, JP Morgan, Mediobanca, Mizuho, Société Générale, the Sumitomo Mitsui Banking Corporation and the Bank of Tokyo-Mitsubishi UFJ were the mandated lead arrangers.
Deutsche Bank also served as lender.

Jon Moore - Journalist

Jurisdiction:

Türkiye

Deal type:

Financing

Practice area:

Banking

Governing law:

England and Wales

Industry sector:

Technology and telecommunications

Firms:

Norton Rose Fulbright

Party: Türk Telekom (Borrower)

Paksoy

Party: Bank of America Merrill Lynch (Coordinator)

Party: Bank of China Ltd (Mandated lead arranger)

Party: BNP Paribas Fortis (Mandated lead arranger)

Party: Citigroup (Mandated lead arranger)

Party: HSBC (Mandated lead arranger)

Party: ING (Mandated lead arranger)

Party: Intesa Sanpaolo (Mandated lead arranger)

Party: JPMorgan Chase (Mandated lead arranger)

Party: Mediobanca (Mandated lead arranger)

Party: Mizuho Bank (Mandated lead arranger)

Party: Société Générale (Mandated lead arranger)

Party: Sumitomo Mitsui Banking Corporation (Mandated lead arranger)

Party: The Bank of Tokyo-Mitsubishi UFJ (Mandated lead arranger)

Party: Deutsche Bank (Lender)

Lawyer: Sera Somay

Reed Smith