Turkish Gama Enerji Signs $ 595 Million Loan Restructuring Deal

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ANKARA, August 27. (Reuters) – Turkey’s Gama Enerji has struck a deal to restructure a $ 595 million loan required to build a combined cycle power plant, the company said in a statement.

Turkish lenders Is Bank, Yapi Kredi, Garanti, TSKB and Deniz were the leading banks in the deal, Gama said.

Turkish Gama Holding owns 50% of Gama Enerji, Malaysian electricity infrastructure company Tenega owns 30%, IFC owns 14.5% and IFC Global Infrastructure Fund Holding owns 5%.

Reporting by Ebru Tuncay, screenplay by Ese Toksabay; Edited by Dominic Evans

Our standards: Thomson Reuters Trust Principles.

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