Nurol İnşaat ve Ticaret A.Ş. (“Nurol İnşaat”) signs a landmark US$300 million Syndicated Term Loan Facility (“The Facility”)
Nurol İnşaat, a leading Turkish construction and contracting company and part of one of the large conglomerates in Türkiye (Nurol Holding), has successfully completed signing of US$300 million term loan facility arranged in the Gulf bank market.
This landmark transaction marks one of the largest syndicated corporate loans arranged in the Gulf bank market for a Turkish corporate in recent history.
The new facility further strengthens Nurol İnşaat’s balance sheet, optimises its funding structure, and underscores the company’s strong relationships with regional and international financial institutions.
Purpose of the loan is to refinance Nurol İnşaat’s existing short-term loans with a longer-term USD denominated loan at competitive terms, successfully extending the maturity profile of the company’s debt stack. The Facility was co-underwritten by Emirates NBD and First Abu Dhabi Bank PJSC. (“FAB”) acting jointly as Initial Mandated Lead Arrangers and Bookrunners, and Akbank AG, Bank of Bahrain and Kuwait B.S.C., Commercial Bank of Dubai P.S.C. participating as Mandated Lead Arrangers. The general syndication phase was recently launched by the Bookrunners.
RB&A Partners Ltd was the Financial Advisor to Nurol İnşaat. Norton Rose Fulbright and Pekin Bayar Mizrahi were lenders’ international and local Legal counsels respectively.
Nurol İnşaat, represented by Nurettin Akdeniz, CEO and Board Member, and Nurdogan Topuz, Chief Financial Officer, said:
“This facility stands among the largest corporate loans arranged in the Gulf bank market for a Turkish corporate in recent years and represents an important step in diversifying our funding sources. It further strengthens our financial position by extending the average tenor of our debt composition and reflects leading regional and international banks’ confidence in Nurol İnşaat’s credit profile.”
Khurram Siddiqui, Group Co-Head of Corporate Coverage at Emirates NBD, said:
“This landmark facility reflects Emirates NBD’s commitment to building strong, long-term relationships with Turkish corporates. Our focus is on delivering tailored financing solutions that support clients’ strategic objectives while reinforcing confidence in the Gulf banking market. By leading this syndication, we have helped Nurol İnşaat strengthen its financial position and set a new benchmark for cross-border lending in Türkiye.”
Hitesh Asarpota, CEO of Emirates NBD Capital, said:
“This transaction highlights Emirates NBD Capital’s expertise in structuring complex syndicated facilities and mobilizing regional liquidity for international clients. Our ability to execute efficiently and deliver competitive terms demonstrates our leadership in syndicated loan markets and our commitment to driving innovation in cross-border financing. We are proud to have partnered with Nurol İnşaat on this milestone deal.”
First Abu Dhabi Bank PJSC, said:
“We are delighted to have acted as one of the Mandated Lead Arrangers and Bookrunners for this landmark transaction for Nurol İnşaat. We congratulate them on the success of the transaction and are pleased to have been able to contribute to the successful execution of the Facility through our regional expertise and structuring capabilities. FAB’s involvement reflects its ongoing support for borrowers in key regional markets and its commitment to fostering resilient cross-border financing activity. The bank’s role in this transaction highlights its confidence in Nurol İnşaat’s operational strength and its disciplined approach to long-term financial partnerships.”
Ahmet Bekçe, Founding Partner at RB&A Partners, said:
“We are proud to have acted as the Financial Advisor to Nurol İnşaat in this landmark transaction. This deal establishes a new benchmark for Turkish corporates in international loan markets and further reinforces Nurol’s strong and long-standing relationship with regional banks. We are pleased to have coordinated and contributed to successful conclusion of such a strategically significant financing.”
