REG-Turkiye Garanti Bankasi A.S. Turkiye Garanti Bankasi A.S.: Transactions made within the scope of Galataport debt restructuring

Turkiye Garanti Bankasi ASAnnouncement

17/12/2024 09:15

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   Turkiye Garanti Bankasi A.S. (TGBD)
   Turkiye Garanti Bankasi A.S.: Transactions made within the scope of
   Galataport debt restructuring

   17-Dec-2024 / 09:13 GMT/BST

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   TO: Investment Community

         FROM : Garanti BBVA / Investor Relations

   SUBJECT: Transactions made within the scope of Galataport debt
   restructuring

   DATE: December 17, 2024

    

   An agreement has been reached by all lenders, including our Bank, for  the
   restructuring  of  the  debts   provided  to  Galataport  İstanbul   Liman
   İşletmeciliği ve  Yatırımları  A.Ş. ("Galataport")  and  Doğuş  Galataport
   Gayrimenkul Yatırımları  ve Ticaret  A.Ş. ("Doğuş  Galataport") under  the
   loan agreements and  related financial  documents in  accordance with  the
   Regulation on Restructuring of Debts  to the Financial Sector and  related
   legislation, and a restructuring agreement was executed by and between the
   parties.

    

   In order  to collect  a  portion of  the loans  within  the scope  of  the
   agreement, 49% of the shares representing the total capital of  Galataport
   will be acquired by  the lending banks in  accordance with their  pro-rata
   ratios, by granting a three-year repurchase right to Doğuş Galataport.

    

   In this context, our Bank is expected to acquire the shares  corresponding
   to 12.28% of the share capital of  Galataport by the end of 2024, and  any
   significant developments regarding  the subject will  be announced to  the
   public.

    

   *In contradiction between the Turkish and English versions of this  public
   disclosure, the Turkish version shall prevail.

    

   We declare that our above statements are in conformity with the principles
   included in the  Board’s Communiqué,  Serial II Nr.15.1,  that it  exactly
   reflects the information we received;  that the information complies  with
   our records,  books and  documents; that  we did  our best  to obtain  the
   correct and complete information relative to this subject and that we  are
   responsible for the declarations made in this regard.

    

    

   Yours sincerely,

   Garanti BBVA

   Contact Garanti BBVA Investor Relations:

   Tel: +90 212 318 2352

         Fax: +90 212 216 5902

         E-mail:  1 investorrelations@garantibbva.com.tr

          2 www.garantibbvainvestorrelations.com

    

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   Dissemination of a Regulatory Announcement, transmitted by EQS Group.
   The issuer is solely responsible for the content of this announcement.

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   ISIN:          US9001487019
   Category Code: MSCL
   TIDM:          TGBD
   LEI Code:      5493002XSS7K7RHN1V37
   Sequence No.:  365725
   EQS News ID:   2052909


    
   End of Announcement EQS News Service

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References

   Visible links
   1. mailto:investorrelations@garantibbva.com.tr
   2. https://eqs-cockpit.com/cgi-bin/fncls.ssp?fn=redirect&url=19979b7bae6aeeb49d76141fbe11774c&application_id=2052909&site_id=refinitiv~~~790ea929-3c21-49b8-8ff9-1aed464daef1&application_name=news


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