Schoenherr has advised UniCredit Bank Austria AG as arranger, agent, security agent and original lender in connection with a senior term facility for the construction and operation of several hydro power plants in Turkey for the Austrian based enso Group. enso Group operates and manages hydro power plants in Turkey, Norway and Albania.
 
The financing was structured as a non-recourse financing under Austrian law with security provided to the security agent both in Turkey and Austria.
 
The deal closed on 31 March 2016.
 
The Schoenherr team was led by Robert Bachner (partner, Austria; projects) and additionally consisted of Levent Çelepçi (partner, Turkey; banking & finance), Martin Ebner (partner, Austria; banking & finance), Laurenz Schwitzer (associate, Austria, banking & finance) and Bürke Serbetci (attorney at law, Turkey, banking & finance).