Norton Rose Fulbright advises lenders on syndicated financing to Beko

Norton Rose Fulbright has advised a syndicate of 14 banks on a cross-border EUR350 million corporate facility to Beko plc.

The syndicated term loan facility was coordinated and arranged by Emirates NBD Capital Limited as Initial Mandated Lead Arranger. Commercial Bank of Dubai PSC, First Abu Dhabi Bank PJSC, Société Générale, BBVA, S.A. London Branch, and Garantibank International NV joined the facility as Mandated Lead Arrangers.

Beko is a provider of sustainable home appliances across Europe and this facility represents its first global syndicated corporate financing.

The multi-jurisdictional Norton Rose Fulbright team advising the lenders on the financing was led by partner Nicholas Robinson and counsel Seya Rahnema in Dubai, assisted by trainee Madison Colangelo. It also included partner Wouter Hertzberger, senior associate Natascha Veenendaal and associate Martijn Knigge in Amsterdam, and partner Utku Ünver and associate Damla Çay in Istanbul.

Nicholas Robinson said, “This was a complex financing package and offers a positive outlook for the Turkish market and the availability of debt financing for large corporates in Turkey. We are pleased to have been able to support our longstanding clients and contribute towards the successful closing of this important deal.”