Kate Allchurch is a bank finance partner who joined White & Case in 2000.

She has a broad background in all aspects of bank finance. Her areas of expertise include leveraged finance, asset-backed loans, bridge to bond financings, pre-IPO financings, restructurings, debt buy-backs, structured lending, telecoms finance, and the secondary debt markets.

Kate moved to White & Case's Singapore office in April 2009. She had previously been based in White & Case's London office since she joined the firm. Prior to joining White & Case, she was a bank finance partner in the London office of a leading US law firm, and also worked at a "magic circle" UK law firm for seven years.

Clients for whom Kate has recently acted include Deutsche Bank, UBS, Standard Chartered Bank, JPMorgan Chase, The Royal Bank of Scotland, ICICI Bank, Nomura, JPMorgan and Axis Bank and Credit Suisse.

Kate has been recognized as a Leading Lawyer for Singapore Banking by IFLR1000 and Leading Individual for India Banking & Finance (among international law firms) by Chambers Asia.

Kate's representative bank finance transactions including advising:

• Deutsche Bank in an external commercial borrowing loan of up to US$500 million made available to Adani Power Limited, the power business arm of Indian business conglomerate Adani Group. This included an amendment to include Standard Chartered Bank and the State Bank of India, which joined the financing as mandated lead arrangers and lenders, and a subsequent amendment to include China Development Bank Corporation which joined as mandated lead arranger and lender and an upsize of the loan to US$650 million.
• Axis Bank Limited, Hong Kong Branch in a US$50 million standby letter of credit financing provided to KSK Power Ventur plc, a group company of Crescent Investment Plc. Kate also advised Axis Bank in a US$74 million bilateral loan to Crescent Investment Plc, secured on shares.
• Deutsche Bank in an onshore issue of secured, redeemable, non-convertible debentures of face value of Rupees 20,600,000,000 to Sistema Shyam Teleservices Limited India, with offshore hedges and various offshore synthetic derivative products. This transaction took over a year and a half to complete and covered many cross border issues between Russia, Austria and India.
• Axis Bank, Hong Kong Branch, as arranger, in a syndicated loan of up to US$425 million provided to PT Bumi Resources Tbk., Indonesia's largest thermal coal exporter.
• Deutsche Bank in an onshore secured loan of Rupees 1,00,00,00,000 to India Yamaha Motor Private Limited, with an offshore bank guarantee, an offshore deed of indemnity from Yamaha Motor Co. Ltd. (the borrower's Japanese parent company) and offshore synthetic derivative products to syndicate the loan offshore. As part of the transaction, we explored in detail the rights of subrogation for offshore parties into India.
• Deutsche Bank as arranger of financing for a special purpose vehicle which is a subsidiary of Kumar Urban Development Limited for FDI compliant slum redevelopment through offshore fixed fully convertible INR denominated debentures of up to INR equivalent to US$80 million and onshore secured fixed convertible debentures and an onshore loan to the operating company with an intercreditor security sharing agreement.
• PT Bakrie Sumatera Plantations Tbk., a leading crude palm oil producer in Indonesia, in the acquisition and debt restructuring of the Domba Mas Group's oleochemical business. Over the course of the transaction, between mid 2009 and mid 2011, this was one of the largest transactions of its kind in Indonesia.
• The Royal Bank of Scotland. Representation of RBS as arranger of a US$40 million loan to be provided to Lazarus Investments, a Mauritius SPV.
• Deutsche Bank, as arranger, in a financing into India of up to US$109.7 million for Ackruti City Limited by the issue of offshore fully convertible debentures into India with a call option, with the money on-lent through onshore optionally partially convertible debentures, and a term loan facility, both secured by onshore security, to onshore project companies for slum redevelopment. We also represented DB Trustees (Hong Kong) Ltd as trustee in this transaction. This transaction was named "Deal of the Year 2010" by India Business Law Journal, received "Honorable Mention" recognition from Asian-Counsel and was nominated for "Infrastructure and Real Estate Deal of the Year" by IFLR/Asialaw India Awards 2010.
• As English local counsel, Amarchand in India as deal counsel in relation to a US$465 million loan facility provided by State Bank of India to various members of the Suzlon Group. Our Frankfurt office also provided German advice on this transaction. This transaction won "Restructuring Deal of the Year" at the International Finance Law Review/Asialaw India Awards 2010.
• UBS AG and CIMB Bank as arrangers in a US$50 million syndicated loan facility to JCY HDD Technology Sdn Bhd. JCY HDD is a Malaysian company which manufactures hard disk drive components and has operations in Johor, Penang, Thailand and China. JCY HDD will use the loan for business expansion and hopes to increase its hard disk drive components production capacity by 50 percent. The loan is guaranteed by JCY HDD's parent company, HCY International Bhd, and governed by Singapore law.
• Deutsche Bank AG, London Branch, JP Morgan and Credit Suisse, London Branch as mandated lead arrangers in relation to the financing of the US$4 billion acquisition by global healthcare group Fresenius SE of APP Pharmaceuticals Inc., a US manufacturer of injectable pharmaceutical products, through its German subsidiary Fresenius Kabi AG. The financing package consisted of US$2.65 billion senior secured facilities and a US$1.3 billion high-yield bridge facility.
• BNP Paribas as Agent in relation to the buy-back of £21.8 million of senior and second lien debt under the acquisition facilities of May 2007 by a member of the Fat Face Group.
• Deutsche Bank as solicitation agent and facility agent in relation to the buy-back by Smurfit International B.V., a guarantor, of up to €100 million of senior term debt outstanding under the Smurfit Kappa acquisition facilities dated November 1, 2005 by way of a Dutch auction.
• BNP Paribas and CIBC as mandated lead arrangers on a secondary buy-out of Armacell International Gmbh, the Germany-based technical foam manufacturer from CVC Capital Partners Limited by Investcorp SA, the listed Bahrain-based global investment group.
• CIBC, BNP Paribas, ABN AMRO and Lehman Brothers as mandated lead arrangers in connection with the provision of €1.3 billion senior financing to CVC Capital Partners and Kohlberg Kravis Roberts to finance their €1.4 billion acquisition of the largest waste management company in the Netherlands, AVR from the Municipality of Rotterdam.
• BNP Paribas and Royal Bank of Scotland Group PLC, as lead arrangers, for the US$2.9 billion international fleet bridge loan facilities backing the sponsor group's acquisition comprising Clayton, Dubilier & Rice, Inc., The Carlyle Group and Merrill Lynch Global Private Equity to help finance their US$15 billion acquisition of The Hertz Corporation. The international fleet bridge loan facilities provide financing in 12 countries.
• CIBC, Deutsche Bank and Morgan Stanley in connection with the provision of €1.005 billion of senior debt, €70 million second lien and €200 million mezzanine financing to CVC Capital Partners for the acquisition of Ruhrgas Industries GmbH, the metering and furnacing division of E.ON Ruhrgas AG. We also acted for Deutsche Bank in the provision of staple financing. The total size of the acquisition is €1.5 billion including assumed debt and pension liabilities.
• BNP Paribas and The Royal Bank of Scotland plc, as arrangers, in connection with a US$2.5 billion syndicated facility to a Bermuda affiliate of Bristol Myers Squibb, a global pharmaceutical company.
• Barclays Capital, Citigroup, CSFB, BNP Paribas, Deutsche Bank and The Royal Bank of Scotland as mandated lead arrangers in connection with the £1.8 billion refinancing of Telewest comprising senior and second lien facilities, a full UK security package from over 75 companies, partnerships and joint ventures and further security in Scotland, Jersey and the US.
• HSBC and Barclays Capital in relation to £800 million debt facilities for KKR's approximately £1.23 billion public to private acquisition of Northgate Information Solutions plc.

Kate also advises clients in relation to troubled credits, including prior to the commencement of formal restructuring.

Bars and Courts
England and Wales, 1990

Education
LLB, Hons, Manchester University, 1987

Awards and Recognition
Leading Lawyer for Banking & Finance in Singapore, IFLR 1000 2011 and 2012
Leading Individual for India Banking & Finance, Chambers Asia, 2012

Languages
English
French

Citizenship
British