White & Case Advises on US$8 Billion Financing for Alibaba Group | White & Case LLP International Law Firm, Global Law Practice
White & Case Advises on US$8 Billion Financing for Alibaba Group

White & Case Advises on US$8 Billion Financing for Alibaba Group

Global law firm White & Case LLP has advised the nine banks underwriting a new US$8 billion bank facility to Alibaba Group Holding Limited, China's e-commerce giant.

White & Case advised Australia and New Zealand Banking Group Limited, Citigroup Global Markets Asia Limited, Credit Suisse AG, Singapore Branch, DBS Bank Ltd., Deutsche Bank AG, Singapore Branch, The Hongkong and Shanghai Banking Corporation Limited, JPMorgan Chase Bank, N.A., acting through its Hong Kong branch, Mizuho Corporate Bank, Ltd. and Morgan Stanley Asia Limited as mandated lead arrangers, and Citicorp International Limited as agent and security agent, on this new financing. The funds are in part for Alibaba to refinance its existing financings from 2012.

"In today's loan markets, this is a highly successful transaction for our clients and Alibaba," said John Hartley, head of White & Case's Asia banking and finance group, and executive partner of the Firm's Hong Kong office. "It has been a pleasure working with all parties involved in the Alibaba financings over the last two years."

The White & Case team was led by John Hartley, who was supported by local partner Eugene Man and associates Jiejin (Victoria) Yu and June Chun. Partner John Shum advised Citicorp International Limited as agent and security agent on the financing.

This deal follows the Firm's role advising the banks underwriting the US$1 billion financing in support of the purchase of Yahoo!'s 40 percent stake in Alibaba in September 2012 and advising the banks underwriting the US$3 billion financing in support of the take private of Alibaba.com Ltd in May 2012.

Press Contact
For more information please speak to your local media contact.