London—Dentons has advised a syndicate of lenders – Akbank, BNP Paribas, Garanti BBVA, HSBC and ING – on a dual-currency financing comprising a US$200 million facility and a €50 million facility made available to Kordsa, a global leader in advanced material technologies.
The financing will support Kordsa’s general corporate purposes and help it reinforce its balance sheet structure.
Partner Joe Byron Evans, who led on the transaction, commented: “We were pleased to advise the lenders on this dual-currency financing for Kordsa. The transaction was concluded within a tight timetable and involved careful coordination across multiple lenders and jurisdictions. We were delighted to be able to support in bringing the transaction to a successful close”.
Alongside Joe, the Dentons team included associate Aanchal Kapoor and trainee Sumithra Muttiah.
Dentons continues to advise banks and financial institutions on complex cross-border and multi-currency financing transactions, drawing on its global banking and finance expertise.
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