Morgan Lewis Advises on $1.66B Refinancing of One of Turkey’s Largest Industrial Businesses
Morgan Lewis advised We Soda Ltd on a $1.66 billion loan facility provided by a consortium of international lenders led by Goldman Sachs, Bank of China, Denizbank, and Isbank. The facility will be used primarily to refinance existing indebtedness.
Owned by the Ciner Group, We Soda is the world’s largest soda ash producer with operations in Turkey and Wyoming. Soda ash and sodium bicarbonate are used in the production of glass, detergents, food, pharmaceuticals, and chemicals.