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Karin Fu is an associate in our banking, capital markets & restructuring practice. She has experience in domestic and cross-border financing transactions. Her general banking and finance practice includes acting for banks, financial institutions and major corporate borrowers on syndicated loans, leveraged, acquisition and share-backed financings.
Prior to joining White & Case, Karin was an associate with the banking practice group at a leading law firm in Singapore. Her experiences also include a secondment to a leading international bank in Singapore. She has also spent time based in White & Case’s Hong Kong and Beijing offices.
Advised Bank of America Merrill Lynch, Credit Suisse, ING Bank, JP Morgan, ANZ, BNP Paribas, DBS Bank, Deutsche Bank, Goldman Sachs, Maybank, RBS, Standard Chartered Bank and BTMU as lenders on a highly successful US$750 million syndicated acquisition financing provided to PT Trans Retail, part of Indonesia's CT Corpora group. The funds are for Trans Retail's purchase of the remaining 60 percent of PT Carrefour Indonesia, the local unit of French retailer Carrefour, that CT Corpora did not own. The final lender group comprised 39 banks, making the loan the most widely syndicated acquisition financing in the region. This financing follows a US$450 million senior secured loan to the Trans Media Group, part of the CT Corpora group, and a US$350 million senior secured bridge loan to Trans Media used to fund the purchase of a 40 percent stake in Carrefour's Indonesian unit in 2010. We advised the lenders on both previous financings.
Advised Credit Suisse AG on a US$150 million one-year senior secured bridge loan for the acquisition of Recurrent Energy, LLC, a leading North American solar project developer, from Sharp Corporation by Canadian Solar Inc.
Advised Axis Bank Limited on a US$48 million term loan to Crescent Investment Plc to fund general corporate expenses and refinance existing facilities.
Advised PT Visi Media Asia (Viva), an operator of two Indonesian TV stations, TV One and ANTV, on a US$54 million pre-IPO financing arranged by Credit Suisse. Viva will use the funds for expansion, including the purchase of equipment, construction of a studio, upgrade of newsroom systems and acquisition of content.
Advised Citibank N.A., Gurgaon as mandated lead arranger on a Rp. 50 million (approximately US$1.12 million) external commercial borrowing financing to India-based A.A. Autotech (P) Ltd.