|
We had announced on 13 March 2025 that the application to the Capital Markets Board of Türkiye has been made on 13 March 2025 regarding the planned debt security issuance, and the issuance ceiling approval was obtained on 30 April 2025. In this respect, Aydem Yenilenebilir Enerji AS. ("Aydem Renewables"), rated B by S&P (stable outlook) and B by Fitch (positive outlook), mandated Goldman Sachs International, Citigroup Global Markets Limited and Morgan Stanley & Co. International plc for the purpose of offering the bonds to qualified investors outside of Türkiye within the format of Rule 144A and/or Regulation S. These institutions will also serve as Joint Bookrunners. In September 2025, it is planned that the members of our senior management will attend a series of virtual investor/roadshow meetings to be arranged with potential international investors. The final decision on the issuance, amount and conditions will be determined subject to the roadshow meetings, market conditions and application approval of the Capital Markets Board regarding the issue limit and the approval of the tranche issuance certificate (the "New Notes"). In addition, subject to the successful completion of the issuance of the above-mentioned New Notes, a cash tender offer will be launched for the purpose of redeeming prior to maturity, with the proceeds from such issuance, the outstanding US$539,285,600 7.75% Senior Secured Green Notes due 2027, which were originally issued on 2 August 2021 (the "Existing Notes"). For this transaction, Citigroup Global Markets Limited, Goldman Sachs International and Morgan Stanley & Co. International plc have also been authorized. The contemplated tender offer will be conducted conditional upon the completion of the New Notes issuance. We respectfully submit this information to the public in accordance with relevant disclosure obligations. This statement has been translated into English for informational purposes. In case of a discrepancy between the Turkish and the English versions of this disclosure statement, the Turkish version shall prevail.
|