Latham & Watkins has advised the banks on Halyk Bank of Kazakhstan’s successful signing of its $300 million syndicated term loan, comprising one-year and three-year tenor tranches. Through the new facility, which is available for general corporate purposes, Halyk Bank is able to further diversify its funding sources at attractive terms.
The transaction was launched at $200 million and upsized to $300 million as a result of oversubscription. The facility was supported by 12 banks across North America, Europe, the Middle East and Asia.
The Latham team was led by London partners Vladimir Mikhailovsky, James Chesterman and Mikhail Turetsky, with associate Phil Rigley.
