CCAO, working with Linklaters, has advised J.P. Morgan Securities on a USD 400 million loan to Petkim Petrokimya Holding. Vinson & Elkins reportedly advised Petkim Petrokimya Holding.
Petkim Petrokimya Holding is a Turkish petrochemical company.
According to CCAO, the loan covered a “USD 300 million facility agreement with a maturity of 3 years at the first stage in 2023 and the amendment and restatement agreement adding USD 100 million to the existing loan in the last days of 2024, which brings the total amount to USD 400 million and extends the maturity to December 2027.”
The CCAO team included Partner Candemir Baltali, Senior Associate Onur Gorkem Koksal, and Associate Can Demirkan.
