Six banks help Limak sail into Turkish port

The Turkish developer managed to raise $425m in debt to reach financial close on a 36-year contract to operate and increase the capacity of Turkey’s Iskenderun Port, located on the country’s Mediterranean coast.

Limak, a Turkish infrastructure developer, managed to secure the backing of six banks to reach financial close on a contract to operate and modernise Iskenderun Port, one of Turkey’s largest ports, located on the Mediterranean coast.

Italian bank Unicredit helped captain the brownfield deal to port, serving as coordinating mandated lead arranger (MLA), modelling bank and bookrunner.

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