GKC Partners and 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 GKC Partners team 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.