Çakmak acted as Turkish counsel in Akbank’s $600 Million sustainable syndicate loan renewal.

26/04/2024

We are pleased to announce that we have acted as local Turkish counsel to a syndicate of 45 banks from 20 countries on the renewal of Akbank’s sustainable syndicated loan for USD 600 million. The transaction is structured to allocate the proceeds according to Akbank’s Sustainable Finance Framework, which is an important development for syndicated loans in the Turkish banking sector.

Our team was led by partner Devrim Ergun and included counsel Aslı Pabuççuoğlu and associate Yiğit Anıl Tarman.

We congratulate the parties on this successful transaction.

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We have learned that some malicious people have recently been demanding money via phone using the name and address of Çakmak Attorney Partnership and some lawyer names, threatening that they have debts and that enforcement proceedings will be initiated against them if they do not pay to the account number provided.

Our Attorney Partnership does not call anyone with the threat of enforcement proceedings and the request for payment of money, and does not share any account information.

We kindly request that you do not heed such requests and calls made to you.

We present it for your information.