BofA Securities Leads Debut High-Yield Notes Issuance for Renewable Energy Provider Zorlu Yenilenebilir Enerji

London - Paul Hastings LLP, a leading global law firm, announced today that it has advised BofA Securities as global coordinator for the debut high-yield notes issuance of Zorlu Yenilenebilir Enerji A.Ş., a subsidiary of Zorlu Enerji A.Ş., a leading integrated utility company whose shares are listed on Borsa İstanbul.

Zorlu Yenilenebilir Enerji A.Ş. is a renewable energy leader in Turkey and operates twelve renewable energy power plants, comprising four geothermal power plants, one wind power plant and seven hydroelectric power plants with a combined total installed capacity of 559 MW of electricity.

The $300 million of 9.000% Senior Secured Notes due 2026 will be used, among other things, for certain debt refinancing purposes, for capital expenditures and general corporate purposes and to pay fees, costs and expenses related to the offering.

The Paul Hastings team was led by partners Peter Schwartz and Derwin Jenkinson, with associates Riccardo Maggi Novaretti and Lorenzo Colombi-Manzi assisting.

At Paul Hastings, our purpose is clear — to help our clients and people navigate new paths to growth. With a strong presence throughout Asia, Europe, Latin America, and the U.S., Paul Hastings is recognized as one of the world’s most innovative global law firms.