Schoenherr has advised UniCredit Bank Austria AG as arranger, agent, security agent and original lender in connection with a senior term facility for the construction and operation of several hydro power plants in Turkey for the Austrian-based Enso Group. Moroglu Arseven as local counsel to the Enso Group in Turkey, with bpv Huegel advising in Austria. The deal closed on March 31, 2016.
The Enso Group operates and manages hydro power plants in Turkey, Norway, and Albania. The financing was structured as a non-recourse financing under Austrian law with security provided to the security agent both in Turkey and Austria.
The Schoenherr team was led by Partner Robert Bachner and included Partners Levent Celepci and Martin Ebner, Associate Laurenz Schwitzer and Attorney Burke Serbetci.
The Moroglu Arseven team consisted of Lead Partner Benan Arseven, Partner Seyfi Moroglu, Counsel Nilay Goker, and Associate Hazal Tuncay.