Banking and Finance

Erdem & Erdem has a highly regarded practice involving financing in the credit and capital markets. We advise corporate borrowers, private equity funds, financial advisers, commercial banks, investment banks, and other financial institutions in regard to construction and acquisition finance and refinance, project finance, commercial banking transactions, and various other forms of transactions that involve the use of credit. We also assist corporate issuers, private equity funds and financial institutions in debt capital market transactions, including issuances of high-yield debt security, secured and unsecured debt offerings and private placements. In terms of banking and finance, the team of Erdem & Erdem has specialized particularly in the areas below.

1- Project Finance

Erdem & Erdem has substantial experience representing credit providers, advisers, sponsors, joint venture partners and contractors that participate in non-recourse and limited-recourse project finance transactions in numerous industries, including energy, heavy industries, infrastructure and construction, and airport and seaport development. Our team frequently represents leading domestic and international financial institutions as arrangers, agents and lenders, as well as their customers, as borrowers, in a broad variety of syndicated credit facilities for both investment grade and non-investment grade borrowers, including revolving credit facilities, letter of credit facilities and term loans.

2- Public Private Partnerships / Build Operate Transfer Model

Since its foundation, Erdem & Erdem has been at the forefront in private power and infrastructure projects on BOT models (airport and port operations, power generation), and contributed to the early development of private infrastructure investments in Turkey. Our team has represented local and global clients in the development and financing of BOT and BO investments as sponsors, developers, lenders, equity investors and multilateral agencies.

Erdem & Erdem has been mandated to represent the developer in the project financing of the construction and operation of the first ever PPP project in the Turkish healthcare sector for the design, construction and management (of non-core services) of the new 1,500 bed, Kayseri Integrated Health Campus, of approximately € 330 million.

3- Islamic Financing

Erdem & Erdem is developing a strong practice in Islamic financing. Our team has been advising Turkey’s leading participation bank in designing financial products that are compatible with structuring Islamic transactions, including Sukuk, Islamic funds, and Islamic project finance structures. In addition to our work on Shari’ah-compliant finance structures, we offer our clients an understanding of the application of Shari’ah principles.

For further information about our experience in this area, please send an email to istanbul@erdem-erdem.av.tr

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World Finance interviews Prof. Dr. H. Ercüment Erdem on Public-Private Partnerships (PPPs)