White & Case advises joint bookrunners on Limak Çimento’s US$575 million debut Eurobond issuance

Global law firm White & Case LLP and GKC Partners have advised BofA Securities, Morgan Stanley & Co. International plc and ING Bank N.V. as managers on the debut Rule 144A/Reg S US$575 million notes issuance by Limak Çimento Sanayi ve Ticaret Anonim Şirketi (Limak Çimento).

"Limak Çimento's successful debut Eurobond issuance is a significant milestone for the company and underlines its strong market position and growth potential," said White & Case partner Richard Pogrel, who co-led the Firm's deal team. "Our involvement in this important transaction highlights our robust, long-standing relationships with BofA Securities and Morgan Stanley, and demonstrates our capability to navigate complex, cross-border finance deals efficiently."

The senior notes, due 2029, will be listed on Euronext Dublin and were issued with a yield of 9.750%.

Founded in 2000, Limak Çimento is Türkiye's second largest cement producer by capacity, operating 11 cement plants and 28 ready-mix concrete plants.

The White & Case team in London which advised on the transaction included partners Richard Pogrel, James Greene, Melissa Butler and Stuart Matty and associates Hashim Eltumi and Emily Thomson. The GKC Partners team in Istanbul included partner Ateş Turnaoğlu, counsel Derin Altan and associates Kaan Alkan and Şehriban Ünlü. White & Case has a professional association with Istanbul-based GKC Partners.

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