Turkey’s Hema Agrees With Banks on EU400m Restructuring Deal

Turkish engine maker Hema Endustri AS completes EU400m debt restructuring with 22 banks including a consortium led by Credit Suisse, company says in statement.

• Hattat Holding unit agrees with 16 local banks led by Denizbank and a consortium of 6 foreign banks to pay back the debt in 10-year period
• Company’s debt to Turk Eximbank transferred to banks’ consortium
• NOTE: Credit Suisse Said in Loan Restructuring Talks for Turkey’s Hema

To contact the reporter on this story:
Ugur Yilmaz in Istanbul at uyilmaz@bloomberg.net

To contact the editors responsible for this story:
Onur Ant at oant@bloomberg.net

Patrick Sykes

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