White & Case's Turkish affiliate law firm GKC Partners has advised Turkiye Is Bankasi and TSKB on EUR 342 million financing for the Ankara Esenboga airport. Clifford Chance advised TAV Airports as the borrower.
According to Clifford Chance, the financing consists of a 13-year, EUR 300 million term facility to refinance an existing bridge loan and fund capacity increase works; a EUR 10 million revolving facility for short-term working capital; and a EUR 32 million non-cash facility for letter of guarantee obligations connected to operating the airport.
The GKC Partners team included Managing Partner Guniz Gokce, Partners Sebastian Buss and Ates Turnaoglu, Associates Aybike Iplikci, Baran Abur, and Goktug Yigiter, and Legal Interns Tibet Seheri and Esin Kurtulus.
The Clifford Chance team included Istanbul-based Partner Sait Eryilmaz, Senior Associate Basar Kirka, and Associates Fatih Goktug Ipin, Utku Aydin, and Melisa Mengu and Paris-based Partner Nikolai Eatwell.
