Sebastian Buss
Biography
Overview
Sebastian is a partner in our Energy, Infrastructure, Project, and Asset Finance (EIPAF) practice in Istanbul. His practice focuses on complex projects in the energy and infrastructure sectors, including public-private partnerships, covering project development, financing greenfield assets, and refinancing and restructuring brownfield projects.
He advises on various financings, incorporating guarantees, promotional funds, and refinancings from ECAs and development finance institutions (DFIs), particularly KfW, EIB, and export credit agencies such as Euler Hermes, EKF (EIFO), EKN, and SACE-backed financings. His expertise also extends to structuring complex financial models and negotiating cross-border transactions.
In the area of infrastructure, Sebastian has a long-standing reputation for advising on infrastructure projects across various sectors, including motorways, hospitals, airports, roads, and bridges. He is also renowned specialist across the energy spectrum.
Experience
Representation of the consortium of Senior Financiers including EBRD, AIIB, Deutsche Bank AG, Standard Chartered Bank, Natixis, IsDB, ICD, and Vakıflar Bank in connection with approx. EUR1,1 billion financing of the Nakkaş-Başakşehir Motorway, final section of the Northern Marmara Motorway, being developed by Nakkaş Otoyol Yatırım ve İşletme A.Ş. owned by Rönesans Group, and a group of Korean Sponsors including Samsung C&T and Korean public organizations, including Korean Expressway Corporation, KIND and PIS Fund. The financing to be extended by the commercial banks are backed by the ECAs including Atradius, the ICIEC, and SERV.
Representation of Enerjisa Üretim Santralleri A.Ş. in connection with an up to US$1.012 billion financing made available by a syndicate of lenders including Akbank, DEG, DFC, HSBC, J.P. Morgan, KfW IPEX-Bank, and Proparco for the financing of the development and construction of 750 MW Wind Energy Power Plants in the Aegean region of Türkiye under the YEKA-2 WPP scheme. Part of the loans are partially backed by Euler Hermes with an export credit cover.
Representation of Rönenans Holding and its Kazakh subsidiary Renell Kokshetau LLP in connection with the financing of the first healthcare facility to be developed under the PPP model in Kokshetau, Kazakhstan.
Representation of Kalyon Enerji Yatırımları A.Ş. in connection with the EUR249 million UK Export Finance (UKEF)-supported facility arranged by Standard Chartered Bank to finance the 390 MWp Anka Solar Power Plant Project, which spans the provinces of Bor-Niğde, Gaziantep, and Şanlıurfa-Viranşehir.
Representation of Enerjisa Enerji Üretim A.Ş. in in connection with the US$102 million Export Credit Agency (ECA)-backed commercial green financing provided by HSBC Group for the development of 65 MW Erciyes wind power plant and solar hybrid power plants. The deal meets the requirements of the Green Loan Principles (established by the Loan Market Association, Asia Pacific Loan Market Association and the Loan Syndications and Trading Association) and consists of three unsecured tranches, one of which is backed by Euler Hermes and back-to-back funded by KfW IPEX-Bank.
Representation of lenders, including Akbank, Ziraat Bankası, Vakıflar Bankası, and TSKB, in connection with the financing of the concession for additional investments at Ankara Esenboğa Airport and the concession of the operating rights of the existing international terminal, CIP terminal, general aviation terminal, domestic terminal, and their auxiliaries, where the sponsor is TAV Havalimanları Holding A.Ş.
Representation of lenders led by Deutsche Bank (Akbank, TEB, Ziraat Bank, VakıfBank, Alpha Bank, Piraeus Bank, Kommunalkredit Austria AG and QNB Finansbank) in connection with the financing of EUR1.225 billion for the payment of the upfront lease payment under the new tender to the General Directorate of State Airports Authority (DHMI) for Antalya Airport. The total upfront lease payment equals to EUR1,812,500,000 and the remaining portion has been contributed as equity jointly by the sponsors TAV Airports and Fraport AG.
Representation of Fernas İnşaat A.Ş, as sponsor and Fernas Otoyol İşletmesi A.Ş., the project company, in the financings with an aggregate amount of EUR1,244,857,455 for the construction of Aydın-Denizli Motorway in accordance with the built-operate-transfer model, which became fully operational in October 2024.
Representation of Bank of China Turkey A.Ş. and Bank of China Limited Macau Branch in connection with providing financing under a green loan facility to Turkcell İletişim Hizmetleri A.Ş.
Representation of IFC in connection with the proposed investment in İzmir Su ve Kanalizasyon İdaresi Genel Müdürlüğü (IZSU) for the contemplated financing of IZSU's water and wastewater infrastructure investment program in Izmir, Türkiye, in the amount of up to US$34 million equivalent in Turkish Lira, with the guarantee of the Izmir Metropolitan Municipality.
"Sebastian Buss is very involved. He is very careful and his input on drafting is appreciated."
Legal 500, 2024