Debt Finance
Debt Finance overview
Since our founding in 1901, finance has been at the core of White & Case.
One of few law firms with a well-rounded finance practice, we have dedicated Bank Lending, Private Credit & Direct Lending, Borrower Finance and Fund Finance teams, who advise a wide range of banks, credit funds, alternative capital providers, sponsors and corporations on:
- Leveraged buyouts, acquisition financings, refinancings and recapitalizations
- Asset-based loans, real estate, structured trade, commodity and investment-grade financings and other financing transactions
- Special situations and distressed lending
- Workouts, restructurings, debtor-in-possession financings and exit financings
Clients choose us for our ability to complete highly complex, cross- border transactions. With established teams in all of the world’s major financial markets, including New York, London, Frankfurt, Paris, Milan, Hong Kong, Tokyo and Singapore, we offer clients international reach, depth of local resources, seamless integration across offices and a powerful combination of US, English and local law advice.
In addition, strong regional finance practice groups guide clients through transactions in Latin America, Scandinavia, CEE, the Middle East and Asia. Our integrated global Capital Markets practice enables us to assist with all bank/bond/equity financings, and our long-standing emerging markets experience across a broad range of finance products, supports businesses in Mining and Metals, Oil & Gas, Power, Infrastructure and other sectors.
From the world’s largest deals to innovative middle-market transactions, we provide value-oriented and commercial solutions whatever your strategy or industry focus.
Debt Finance experience
EMEA
Representation of Cerba HealthCare and the subsequent acquisition of Lifebrain by Cerba HealthCare. The financing included €1.875 billion term loan B facilities, €720 million senior secured notes, €525 million senior unsecured notes and €400 million revolving credit facilities.
Representation of Encore Capital Group, Inc. in connection with US$1.5 billion global funding structure. The transaction involved combining Encore's restricted group with that of its subsidiary, Cabot Credit Management, and included an amended multi-currency revolving credit facility with an increased total commitment of US$1.05 billion, the issuance of €350.0 million in 4.875% senior secured notes due 2025 by Encore, the consent solicitation of the holders of Cabot's existing £512.9 million 7.5% senior secured notes due 2023 and €400 million senior secured floating rate notes due 2024, and the amendment and restatement of Encore's private placement notes purchase agreement.
Americas
Representation of CVC Capital Partners, as Sponsor, in connection with CVC's acquisition of ExamWorks Group, Inc. and its subsidiaries. The financing involved a US$1,700 million senior secured first lien term loan facility, a US$540 million senior secured second lien term loan facility and a US$250 million senior secured revolving credit facility.
Representation of Kobalt Music Group, as Borrower, in connection with credit facilities in the aggregate principle amount of US$550 million, including a US$400 million five-year senior secured revolving credit and letter of credit facility as well as a US$150 million five-year senior secured last out delayed draw term loan facility. Kobalt Music Group is an independent rights management and music publishing company.
Representation of Nordea as Administrative Agent, Collateral Agent, Security Trustee, a Mandated Lead Arranger and a Bookrunner in connection with US$750 million senior secured sustainability-linked credit facilities provided to a subsidiary of International Seaways, Inc.
Representation of the administrative agent, in connection with an amendment to the existing ABL credit facility for a company specializing in recreational gear and equipment for outdoor activities.
Asia-Pacific
Representation of Asian Development Bank and Asian Infrastructure Investment Bank on the US$200 million financing to China Education Group Holdings and Yantai Institute of Science and Technology. The matter has been awarded the Best Social Loan Deal of the Year by The Asset Triple A Sustainable Finance Awards 2025.
Representation of China Merchant Bank, Shanghai Branch on a approx. US$700 million term facility to Paragon Shine Limited, a portfolio company of DCP Capital, to finance the acquisition and take private transaction of Sun Art Retail Group Limited, a hypermarket chain business.
Representation of Brookfield Asset Management on the US$300 million financing for its acquisition of the Trimco Group. The transaction is one of the very few successful rollovers of existing debt in the leveraged buyout context in Asia-Pacific.
Representation of the mandated lead arrangers in the senior secured facilities to an acquisition vehicle controlled by affiliates of Bain Capital for its acquisition of T-Gaia Corporation, a leading telecom devices distributor in Japan.
