Acting on its own as well as often alongside key offices in the network, including London, Gedik & Eraksoy is particularly skilled at advising domestic and international financial institutions on bilateral and syndicated loan facilities, both in a new money and refinancing context. The team is also very accomplished at handling multi-sourced financings, involving IFIs and commercial banks, to facilitate large-scale domestic infrastructure and energy projects. Team head Umut Gurgey is at the forefront of this work and is also noted for his capital markets prowess, including advice to arrangers/underwriters on sustainable bond issuances and on Tier 2 bond issuances for banks. Senior associate Dilsah Gurses is also recommended, particularly in relation to syndicated, leveraged and acquisition finance matters. Hakki Gedik recently retired.
Key clients
- International Finance Corporation (IFC)
- MUFG Securities EMEA plc
Work highlights
- Advising the IFC and Proparco on a significant financing package of $112.5m, extended to Sama Al-Manar, a subsidiary of the Türkiye-based Tiryaki Agro, which is set to utilise the investment to establish a cutting-edge agro-industrial complex at Iraq’s Umm Qasr Port.
- Advised the mandating lead arrangers and lenders (Akbank T.A.Ş, EBRD and others) in a $637m facility to a company within the Borusan group, for the purpose of reprofiling of existing loans and new renewable investments of the group.