Global law firm White & Case LLP has advised Ali Group North America Corp. (Ali Group) on a US$1.75 billion refinancing of existing debt incurred during 2022 for the acquisition of US-based Welbilt Group.
The refinancing includes two credit facilities – a US$1.65 billion term loan and a US$100 million revolving credit facility – provided by Bank of America, N.A., London Branch and BNP Paribas Italian Branch as global coordinators, bookrunners, mandated lead arrangers and original lenders, and ING Bank N.V., Milan Branch, Wells Fargo Bank, N.A., Mediobanca International (Luxembourg) S.A. and Intesa Sanpaolo S.p.A., New York Branch as mandated lead arrangers and original lenders.
The White & Case team which advised on the transaction included partners Michael Immordino (London & Milan), Stefano Bellani (Milan), Justin Wagstaff, David Dreier (both New York) and Martin Forbes (London) and associates Nicola Tosin (Milan), Nick Townsend, Nir Fishbien (both New York) and Theon Richards (London) and lawyer Anna Sabatti (Milan).
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