Experience

Largest Unsecured Syndicated Term Loan Facility in Turkey

Turkcell Iletisim Hizmetleri, AS

Chadbourne represented Turkcell in the successful conclusion of a $3 billion unsecured syndicated term loan facility with a group of banks. The deal was the largest unsecured syndicated loan facility closed by a single corporation ever in Turkey. The banks were Akbank TAŞ, Citibank NA, Garanti Bankasi AS, HSBC Bank plc, JPMorgan plc and Standard Bank plc as initial mandated lead arrangers and underwriters. The facility was heavily oversubscribed, and its success demonstrates the strength and standing of Turkcell in the international financial markets and the quality of its relationships with the international banking community.  The bank group, a diverse selection of Turkish and international lenders, is a testimony to Turkcell's broad appeal and evidence of continued strong demand for top quality Turkish names.