White & Case advises Vestel Elektronik on US$450 million debut global bond offering

Global law firm White & Case LLP has advised Vestel Elektronik Sanayi ve Ticaret A.Ş., a Turkish manufacturer of white goods and electronics, on its landmark Reg S/Rule 144A debut issuance of US$450 million 9.750% notes due 2029.

BofA Securities and J.P. Morgan acted as joint global coordinators and joint bookrunners, and Emirates NBD Capital acted as joint bookrunner.

"Vestel Elektronik's debut in the international capital markets demonstrates its strong positioning and the trust it has generated among global investors," said White & Case partner Richard Pogrel, who co-led the Firm's deal team. "Türkiye continues to be a very important and busy market for White & Case, and it plays to our Firm's global strengths that our integrated, cross-border team supports leading companies in their sector like Vestel Elektronik coming to the international capital markets."

The White & Case team which advised on the transaction included partners Richard Pogrel, Laura Sizemore and James Greene (all London), association partner Güniz Gökçe (Istanbul), counsel Derin Altan (Istanbul) and James Clarke (London) and associates Ece Küreğibüyük (London), Kaan Alkan and Şehriban Ünlü (both Istanbul).

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