Y. Bora Bozkurt

Bora’s experience includes representing:

• Apollo in its US$1.25 billion acquisition of a minority interest in BMG's rights portfolio, in connection with the combination of Bertelsmann'’s BMG and Concord 
• KKR in its investment in a joint venture with Realty Income that will own a diversified portfolio of European net-lease real estate 
• BridgeBio Pharma in an investment of up to US$1 billion in convertible preferred equity by Sixth Street and HealthCare Royalty, a KKR business, one of the largest preferred investments ever in a public biotech 
• Apollo in its US$1.6 billion joint venture with Keppel, a cross-border transaction involving structured finance, funds, and project finance matters 
• The lender group led by Blackstone, Apollo, and FS KKR in Medallia’s recapitalization, which reduces debt, provides new capital, and provides for transfer of ownership from Thoma Bravo 
• Apollo in leading an initial US$35 billion capital solution for Broadcom’s AI XPV Platform, in partnership with Blackstone and leading global banks, to fund frontier AI compute capacity 
• Apollo in financings for Keurig Dr Pepper’s acquisition of JDE Peet’s, including a US$4.5 billion convertible preferred equity investment and a US$4 billion joint venture, both co-led with KKR 
• Apollo in its €3.2 billion equity commitment to a joint venture with RWE that holds RWE’s 25.1% stake in Amprion, the German transmission system operator 
• The financing sources in the private credit financing for TSG Consumer Partners’ acquisition of EōS Fitness, a fast-growing national gym chain 
• The underwriters in the €650 million and £375 million senior secured notes offerings by Boots that helped fund Sycamore Partners’ US$23.7 billion acquisition of Walgreens Boots Alliance 
• Apollo co-investors in the US$11 billion acquisition of an equity interest in a joint venture related to Intel’s Fab 34, financing Intel’s manufacturing expansion 
• Halozyme Therapeutics, a leader in converting IV biologics to subcutaneous delivery, in its upsized private offering of US$625 million of convertible senior notes

Speaking Engagements and Publications

Bora is a regular speaker at tax conferences and has authored numerous articles addressing taxation of financings and financial instruments. 

His recent speaking engagements include:

• Panelist, Practical Law Institute: Taxation of Financial Products, “Conduit Regulations,” January 2026 
• Panelist, American Bar Association, “Tax Structuring of Up-C Convertible Debt,” Tax Conference, January 2026, San Diego, CA 
• Moderator, New York State Bar Association Tax Section, “To Be or Not To Be . . . a Lender: Tax Issues in Treatment of Capital Providers and Their Returns,” Annual Conference, January 2025 
• Panelist, American Bar Association, “Delayed Draw Term Loans,” Tax Conference, January 2024, San Francisco, CA 
• Panelist, Practical Law Institute: Taxation of Financial Products, “Private Convertible Debt Update,” January 2023 
• Moderator, American Bar Association, “To Integrate or Not to Integrate and Other Hedging Questions,” Tax Conference, January 2021 

His recent publications include:

• Author, “Tax Structuring of Up-C Convertible Debt,” Tax Notes, January 19, 2026 
• Co-Author, “A Tax Perspective on Certain Contingent Interest Provisions in Modern Credit Agreements,” Journal of Taxation of Financial Products, Vol. 21, Issue 2, 2024
• Co-Author, “A Bridge Between Debt and Equity: Taxation of Bridge Convertibles,” Tax Notes, November 21, 2022 
• Co-Author, “It’s About Time: Taxation of Delayed Draw Term Loans,” Journal of Taxation of Financial Products, Vol. 18, Issue 4, 2022 
• Author, “Non-Plain Vanilla Questions about Taxation of Plain Vanilla Convertible Debt,” Tax Notes, December 6, 2021 
• Principal Co-Author, NYSBA Tax Section Report on Proceeds-Issue Price Disparities, May 2024