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.


Visit our Debt Finance page

Visit our Financial Institutions page

Create custom charts using the latest data on leveraged finance, visit our interactive tool White & Case Debt Explorer


View all lawyers in Borrower Finance



"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


Brookfield Infrastructure and GIC / Genesee & Wyoming
Representation of a consortium composed of Brookfield Infrastructure and its institutional partners and GIC in the financing of the acquisition of Genesee & Wyoming Inc. for US$8.4 billion. The acquisition was funded in part by senior secured credit facilities arranged by Credit Suisse comprised of a US$2.55 billion senior secured term loan B facility and a US$600 million senior secured revolving credit facility. This transaction was awarded "Private Equity Deal of the Year" by IFLR for 2020.

Roark Capital Management and Inspire Brands
Representation of Roark Capital Management and its portfolio company, Inspire Brands, a multi-branded restaurant company whose portfolio includes Arby's, Buffalo Wild Wings, Sonic, Rusty Taco and Jimmy John's restaurants, in financing of US$3,600 million in the aggregate, comprised of a US$1,575.0 million senior secured term loan B facility and a US$150 million senior secured revolving credit facility incurred in connection with Inspire Brand's acquisition of Buffalo Wild Wings, an incremental US$1,025 million senior secured term loan B facility and an incremental US$100 million senior secured revolving credit facility incurred in connection with Inspire Brand's acquisition of Sonic and US$750 million first lien senior secured notes.

I Squared Capital
Representation of I Squared Capital ("ISQ") in its HK$7.1 billion debt financing for the acquisition of Hutchison Global Communications Investment Holding Limited ("HGC"), a leading IT service provider and one of Hong Kong's largest-scale Wi-Fi service providers. We subsequently advised ISQ and HGC in the refinancing, amendment and extension of the previous debt financing and incorporation of a new term loan facility, totaling about HK$7.9 billion.

Gaw Capital Partners
Representation of a consortium led by Gaw Capital Partners in relation to a HK$8.33 billion term and revolving loan facilities arranged by United Overseas Bank Limited, Standard Chartered Bank and Hang Seng Bank Limited for the acquisition of commercial real estate in Hong Kong from Swire Properties Limited.

DIC Corporation
Representation of DIC Corporation, a Japanese fine chemicals company, and its US subsidiary Sun Chemical Corporation in connection with the financing of DIC's acquisition of BASF's global pigments business, known as BASF Colors & Effects (BCE).

Bridgepoint Capital
Representation of a consortium including Bridgepoint Capital in 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, with a focus on casino, slot machines and Internet gaming.

Inflexion Private Equity Partners and Ocorian
Representation of Inflexion Private Equity Partners and its portfolio company, Ocorian, provider of trustee administration and fiduciary services, on the senior and PIK financing for their leveraged buyout of the Estera group of companies (a provider of trustee services) from Bridgepoint Capital.

Representation of CVC and its portfolio company Mehiläinen, a Finnish healthcare services provider, in relation to its €380 million TLB financing in respect of its public offer to acquire Pihlajalinna, another Finland-based healthcare provider.