Paksoy has advised a lender syndicate including the International Finance Corporation, the Asian Infrastructure Investment Bank, FMO, and the Green for Growth Fund on a TRY-equivalent USD 340 million financing for Enerjisa.
According to Paksoy, the deal features sustainability-linked elements and is the first sustainability-linked financing in Turkiye’s electricity distribution sector. The proceeds will support the strengthening and modernization of electricity infrastructure across 14 cities served by Enerjisa’s distribution companies Ayedas, Baskent Edas, and Toroslar Edas. The financing will also back network investments in earthquake-affected regions and the expansion of E-Sarj, Enerjisa’s electric-vehicle charging network.
In 2024, Paksoy advised the EBRD on USD 100 million loan to Enerjisa Enerji (as reported by CEE Legal Matters on February 9, 2024).
The Paksoy team included Partner Sera Somay, Counsel Zekican Samli, and Associate Muhammed Tosun.
Paksoy did not respond to our inquiry on the matter.
