{"id":145445,"date":"2021-06-09T11:27:58","date_gmt":"2021-06-09T11:27:58","guid":{"rendered":"https:\/\/beta.paksoy.av.tr\/?p=145445"},"modified":"2025-05-13T15:42:16","modified_gmt":"2025-05-13T12:42:16","slug":"paksoy-advises-on-high-yield-bond-offering-of-zorlu-renewables-energy","status":"publish","type":"post","link":"https:\/\/paksoy.av.tr\/en\/2021\/06\/paksoy-advises-on-high-yield-bond-offering-of-zorlu-renewables-energy\/","title":{"rendered":"Paksoy advises on high yield bond offering of Zorlu Renewables Energy"},"content":{"rendered":"

Another rare precedent in the market for a secured bond offering by a Turkish corporate! Zorlu Renewables Energy has successfully completed the issuance of US$300 million Rule 144A\/Reg S senior secured bonds at a coupon rate of 9.00%. Zorlu Renewables, together with its consolidated subsidiaries, operates in Turkey with twelve renewable energy power plants, comprising four geothermal power plants, one wind power plant and seven hydroelectric power plants.<\/p>\n

The bonds will mature in 2026 and are admitted to listing on the Euronext Dublin. Proceeds of the issuance will be used for repaying certain existing financial indebtedness, capital expenditures and general corporate purposes. Zorlu Renewables\u2019 obligations are guaranteed by two of its subsidiaries. Within 60 days of the issue date, subject to applicable perfection requirements, the bonds will be secured by the collateral being, among other things, regulatory receivables, account pledge and share pledge.<\/p>\n

Paksoy is pleased to announce that the capital markets and banking and finance teams of Paksoy acted for BofA Securities. The capital markets team led by partner Omer Collak, together with senior associate Nazl\u0131 T\u00f6n\u00fck \u00c7apan and associates Sabri Kaya and Elvan Yolcu, and banking and finance team led by partner Sera Somay, together with senior associate Beril Paksoy and associate Ege Serra Onal represented BoFA Securities, the global coordinator in this transaction.<\/p>\n","protected":false},"excerpt":{"rendered":"

Another rare precedent in the market for a secured bond offering by a Turkish corporate! Zorlu Renewables Energy has successfully completed the issuance of US$300 million Rule 144A\/Reg S senior secured bonds at a coupon rate of 9.00%.<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[361,272],"tags":[],"class_list":["post-145445","post","type-post","status-publish","format-standard","hentry","category-deal-alerts","category-news"],"acf":[],"yoast_head":"\nPaksoy advises on high yield bond offering of Zorlu Renewables Energy | Paksoy Attorneys at Law<\/title>\n<meta name=\"description\" content=\"Another rare precedent in the market for a secured bond offering by a Turkish corporate! 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