Beko Secures EUR 125 Million Credit Facility
Deal News | May 16, 2025 | CEE Legal Matters
Clifford Chance has provided advisory services to Beko regarding the structuring of a EUR 125 million ten-year credit facility. This facility, backed by a syndicate of international banks, is a part of SACEs Push Strategy Program, aimed at fostering sustainable growth and procurement from Italian suppliers as part of Beko's global supply chain expansion. Beko, a European leader in sustainable home appliances, aims to utilize this facility to support its growth objectives throughout Europe. The legal advisory team from Clifford Chance was comprised of Partner Sait Eryilmaz, Senior Associate Ali Can Altiparmak, and Associate Utku Aydin, based in Istanbul. Despite inquiries, Clifford Chance has refrained from commenting further on the transaction.
Sectors
- Consumer Electronics
- Legal Services
- Banking and Finance
Geography
- Europe – Beko is a European company and the transaction involves activities across Europe.
- Turkey – The Clifford Chance legal team advising on this transaction is based in Istanbul, Turkey.
- Italy – The credit facility supports future procurement from Italian suppliers.
Industry
- Consumer Electronics – Beko operates in the consumer electronics industry, specializing in sustainable home appliances.
- Legal Services – Clifford Chance provided legal advisory services for the credit facility arrangement.
- Banking and Finance – The article discusses the arrangement of a credit facility involving a syndicate of international banks.
Financials
- EUR 125 million – The amount of the credit facility arranged for Beko under SACEs Push Strategy Program.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Beko | Target Company | Company | Beko is a European provider of sustainable home appliances. |
| Clifford Chance | Legal Advisor | Company | Clifford Chance is an international law firm providing legal advisory services for the credit facility. |
| SACE | Supporting Institution | Government | SACE is involved in the credit facility program under its Push Strategy. |
| International Banks | Financial Providers | Company | A syndicate of international banks is providing the EUR 125 million facility. |