DTB advised major Turkish conglomerate Dogus on a EUR 31,2 m club credit facility
February, 2024 - United States of America
DTB advised the borrower Zadar Resort d.o.o. and sponsor Dogus Croatia in a transaction where Zadar Resort has borrowed EUR 31,2 m from Privredna bank Zagreb d.d. and Croatian bank for reconstruction and development as Mandated Lead Arrangers. The facility will be used for the development of a 5-star luxury hotel in Zadar, which will be under the management of the leading hotel operator Hyatt.
Dogus is one of the largest Turkish conglomerates with a long-standing operation in Croatia in the tourism and leisure industry. The development of the luxury hotel in Zadar is one of the largest investments in hotel facilities in Croatia. The completion of the construction works, and all investment of the hotel is expected in autumn 2024.
DTB advised the client on all legal aspects of the credit facility, as well as on the establishment of a comprehensive security package for the facility. Damir Topic, senior partner and head of the banking and finance practice group, led DTB’s team with the involvement of attorneys Marta Hren, Barbara Šimic and associate Jure Marovic.
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