Borrower Finance


Our Borrower Finance team provides high-quality, integrated services to our clients, enabling them to effectively execute debt financings across the capital structure, including their most complex domestic and cross-border financings. By capitalizing on our Firm’s expertise in all major debt finance products, retaining a local focus where appropriate, and combining deep legal and market knowledge with our extensive global network, we are committed to serve as strategic partners for corporations and sponsors across the Americas, EMEA, and Asia-Pacific markets.

We understand what options are open to borrowers and what terms are likely to be acceptable to lenders and other debt providers — whether in a syndication or marketing process or in a private transaction. Additionally, our extensive private equity, fund formation and secondaries experience provides critical insights on challenges specific to investment funds.

Our strategic advice helps clients consider what is possible for any given transaction, what the downsides of any particular approach may be, and what alternatives might be available. Regardless of the complexity of a transaction and jurisdictions involved, our Borrower Finance team offers unique, comprehensive solutions for corporations and sponsors.


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"White & Case LLP is recommended for its capabilities in leveraged acquisition finance, with significant expertise in syndicated loans and project finance. Prominent teams in Greater China and Singapore, with additional strength in Japan. Often advises on cross-border financing relating to India, Indonesia and the Philippines."
Chambers & Partners: Asia-Pacific – Banking & Finance, 2022

"Justin Wagstaff and team are really good at explaining challenging concepts and are also creative at finding solutions that can save time and effort. They played an integral role in negotiating the credit agreements/note purchase agreements that we use in our deals, and as a result, it's no surprise that they tend to have a better grasp on the key features and nuances of those documents than others that we work with."
Legal 500 US: – Finance – Commercial Lending – Advice to Borrowers, 2022

"[White & Case] works regularly with borrowers on complex financings in addition to maintaining strong relationships with major banks. Demonstrates standout strength advising on deals in emerging markets." "The teams are always hard-working, proactive, incredibly supportive and great fun."
Chambers & Partners: UK – Banking & Finance, 2022

"Growing bench of finance practitioners with expertise in complex acquisition finance and refinancings."
Chambers & Partners: Japan – Banking & Finance, 2022


Representation of DigitalBridge (NASDAQ: DBRG) on the HK$1.8 billion financing for its flagship private equity fund's US$750 million carve-out acquisition of data center assets in Hong Kong and Malaysia from PCCW

CVC Capital Partners
Representation of CVC Capital Partners on the acquisition financing comprising senior facilities and a mezzanine facility provided for CVC's investment in TRY Group, the largest one-to-one tutoring services provider in Japan. 

CITIC Capital
Representation of CITIC Capital on the financing for its US$770 million acquisition through its subsidiary Harbin Pharmaceutical Group Holding Co., Ltd. of substantially all of the assets of GNC Holdings Inc. pursuant to Section 363 of the United States Bankruptcy Code. The financing comprised of a US$400 million facility from Bank of China Limited, Macau Branch in addition to second lien loans and subordinated convertible notes. 

Princeton Digital Group
Representation of Princeton Digital Group (a portfolio company of Warburg Pincus), a leading internet infrastructure provider for data center operators and cloud service providers, in US$50 million mezzanine term loan facility and RMB 200 million (or its equivalent in USD) senior term loan facility provided by CMB International Finance Limited and its affiliate in the PRC, respectively. The loan proceeds are used to fund the repayment of existing loans and further development cost for its data center project in Shanghai. 

CMOC Group
Representation of CMOC Group, one of China's largest state owned mining companies and world's second largest producer of niobium, on a ground-breaking US$600 million bridge and five year pre-export financing (PXF) arranged by China Construction Bank (Asia) Corporation Ltd. and provided by a syndicate consisting of People's Republic of China and international lenders. This is one of the first PXF transactions by a Chinese mining company and has one of the longest international PXF terms.

Kobalt Music Group
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.

HighPost Capital
Representation of HighPost Capital, as Borrower, in connection with acquisition financing. The proceeds of which were used to acquire Centr, a personalized digital health and fitness platform curated by Chris Hemsworth and his team of internationally renowned experts, and Inspire Fitness, a leader in state-of-the-art fitness equipment.

Cobepa SA
Representation of Cobepa SA, as Borrower, in connection with the acquisition financing for its investment in Reaction Biology Corporation, an industry-leading provider of drug discovery services. The financing involved an initial term loan facility, a delayed draw term loan facility and a revolving credit facility.

ADO Properties
Representation of ADO Properties on a €3 billion bridge facility on the voluntary public takeover offer for all shares in ADLER Real Estate, creating one of the largest listed residential real estate companies in Europe.

Ali Group
Representation of Ali Group, one of the largest and most diversified global leaders in the foodservice equipment industry, as borrower, in connection with its US$4.8 billion acquisition of Welbilt, Inc., a US public company.

PPF Group N.V.
Representation of PPF Group N.V. in connection with the financing aspects of its €1.15 billion acquisition of Central European Media Enterprises Limited, a leading media and entertainment company in central and eastern Europe.

Bridgepoint Capital
Representation of a consortium including Bridgepoint Capital in connection with the unitranche and super senior debt financing for a US$1 billion (SEK 9.2 billion) public takeover offer for Cherry AB, a Sweden-based service company active in the gaming industry.