Home / Knowledge / News / Apparel/Garments / AY Marka secures €30 million loan facility
AY Marka secures €30 million loan facility
23
Jun '11
Standard Bank Plc, a member of Standard Bank Group, acted as mandated lead arranger for a € 30-million secured term loan facility for AY Marka Magazacilik A.S. ('AY Marka').

Standard Bank Plc was also the security agent on this three-year amortising facility secured by an assignment of credit card receivable flows from three local banks.

An oversubscription was achieved during acarefully targeted, limited general syndication. Standard Bank Plc has beenjoined by Amsterdam Trade Bank N.V., Finansbank A.S., Emirates NBD Bank PJSC and Federated Project and Trade Finance Core Fund as lenders.

AY Marka is the textile and apparel arm of Altinyildiz Mensucat ve Konfeksiyon Fabrikalari A.S. ("Altinyildiz"), a company established in 1952 and listed on the Istanbul Stock Exchange (ISE). Boyner Holding A.S., one of the largest non-food family owned retail groups in Turkey, which founded the group, holds 80% of Altinyildiz with the remaining 20% held by investors via the ISE.

AY Marka operates through a broad sales network of 352 sales points and 144 standalone stores across Turkey.

Standard Bank Plc

Must ReadView All

Textiles | On 25th Mar 2017

GST to positively impact retail value chain: CBRE

The implementation of the Goods and Services Tax (GST) bill in India...

Textiles | On 25th Mar 2017

MEGlobal to build first ever US MEG plant

Monoethylene glycol (MEG) producer MEGlobal plans to construct a new...

Courtesy: Ulster Carpet

Textiles | On 25th Mar 2017

Ulster Carpets acquires Griffith Textile Machines

Northern Ireland based manufacturer of carpets, Ulster Carpets said...

Interviews View All

Abhimanyu Singh Rathore & Barbara Anna Kosiorek
Kannbar

‘Blending cultures is the true beauty of fashion, where one’s imagination...

Ghanshyam Ghoghari
Kimora Fashion

Bridalwear is not about reds and whites anymore

Subhashini Srinivasan
The S Studio

Ethnicwear market will see an upward trend if uniqueness and quality are...

Ashok Desai
Bombay Textile Research Association

Bombay Textile Research Association (BTRA) is a leading name in textile...

Kevin Nelson
TissueGen

Kevin Nelson, Chief Scientific Officer, TissueGen discusses the growing...

Eamonn Tighe
Nature Works LLC

Eamonn Tighe, Fibres and Nonwovens - Business Development Manager of...

Sonam & Paras Modi
SVA

Sonam and Paras Modi's Sva Couture is synonymous with head-turning...

Silvia Venturini Fendi
Fendi s.r.l

"Yes, my confidence and positive attitude are my strengths and should be...

Rupa Sood and Sharan Apparao
Nayaab

Nayaab, an exhibition meant to celebrate Indian weaves, is in its second...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH
March 2017

March 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


eNEWS
Insights
Subscribe today and get the latest News update in your mail box.
Advanced Search