White & Case and its Turkish affiliate law firm GKC Partners have advised Ulker Biskuvi on its USD 550 million Eurobond issuance. Baker McKenzie and its Turkish affiliate law firm Esin Attorney Partnership advised the bookrunners including J.P. Morgan Securities, Merrill Lynch International, Emirates NBD Bank, HSBC Bank, and Rabo Securities.
Ulker Biskuvi is Turkiye’s largest public food manufacturing company. The company is part of Pladis Global, whose portfolio includes brands such as Ulker, Godiva, and McVitie's. It operates multiple manufacturing facilities across Turkiye, the Kingdom of Saudi Arabia, Egypt, and Kazakhstan.
According to White & Case, the sustainability-linked notes due 2031 will be listed on Euronext Dublin. "The issuance also facilitated a simultaneous tender offer for Ulker Biskuvi's Eurobonds due 2025, which was fully financed through the proceeds from the current note issuance."
The White & Case team in London included Partners Richard Pogrel, Laura Sizemore, and James Greene, Counsel James Clarke, and Associate Ece Kuregibuyuk.
The GKC Partners team in Istanbul included Partner Guniz Gokce, Counsel Derin Altan, and Associates Kaan Alkan and Sehriban Unlu.
The Esin Attorney Partnership team included Istanbul-based Partner Muhsin Keskin, Senior Associate Zeki Nizam Cebe, Associate Oyku Ruya Turkogullari, and Legal Interns Ahmet Furkan Karagolge and Ahmet Semih Aktas.
The Baker McKenzie team included London-based Partner Megan Schellinger and Associates Fani Chlampoutaki and Olivia Wells.
