Balcıoğlu Selçuk Akman Keki Attorney Partnership (“BASEAK”) and Dentons advised Koç Holding A.Ş. (“Koç Holding”), Turkey's largest holding company, on its issue of US$750 million 6.500% Notes due 2025 (Rule 144A/Regulation S). BASEAK acted as Turkish counsel and Dentons acted as English and United States counsel to Koç Holding.

This is another major capital markets transaction on which BASEAK capital markets team advised, following the issue of US$500 million 4.215% Notes due 2024 (Rule 144A/Regulation S) by Coca-Cola Içecek Anonim Şirketi, and the initial public offering and premium listing on the London Stock Exchange of DP Eurasia N.V., the first such premium listing by a Turkish business.

Koç Holding is the largest holding company in Turkey and the largest industrial and services group in terms of revenues, exports, employees and market capitalisation on Borsa İstanbul. Koç Holding is also consistently the only Turkish company ranked among the world's top 500 companies, according to the 2018 Fortune Global 500 rankings.

BASEAK partner Müfit Arapoğlu commented, "We are very happy to have worked together with Koç team on such a high-profile transaction. We are delighted to continue to act on major capital markets transactions in Turkey."

Head of Capital Markets at BASEAK, Müfit Arapoğlu led on Turkish law matters, together with Cenk Yılgör, Canberk Varış, Sena Mutlu and Erkin Tuzcular. Dentons Debt Capital Markets Partner David Cohen and US Securities Partner Cameron Half led the matter from London, working with US Securities associate Nicolò Ascione and capital markets associate Kathryn Finch.  Dentons Partner Peter Feldman, in Washington, D.C., provided US sanctions advice, and partner Jon T. Hutchens, based in New York, led US tax advice.

About Balcıoğlu Selçuk Ardıyok Keki

Balcıoğlu Selçuk Ardıyok Keki Attorney Partnership is an Istanbul-based full service law firm with a team of 130+ lawyers and economists. Our practice focuses on a wide range of areas including real estate, corporate, mergers and acquisitions, banking, project finance, capital markets, competition and anti-trust, employment, litigation and arbitration, telecommunication, regulatory and public law and intellectual property. We represent and advise Turkish and multinational clients, including Fortune 500 companies, in the banking and finance, private equity, real estate, manufacturing, hospitality and leisure, retail, automotive, energy, information technology, life sciences, luxury fashion and beauty, and media sectors.