White & Case Advises Bank Syndicate on €800 Million Refinancing for Jin Jiang International
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Global law firm White & Case LLP has advised a syndicate banks on the €800 million multi-tranche refinancing for a consortium led by Jin Jiang International Holdings Co.
The syndicate was led by Industrial and Commercial Bank of China as sole global coordinator, Industrial and Commercial Bank of China, Bank of China and China Everbright Bank as mandated lead arrangers, and a group of lenders including Industrial and Commercial Bank of China, Bank of China, China Everbright Bank, China Construction Bank, China Merchants Bank, Agricultural Bank Of China, DBS Bank, The Export-Import Bank of China, Shanghai Pudong Development Bank and Crédit Agricole Corporate and Investment Bank.
The facilities refinanced the acquisition bridge facility provided by Industrial and Commercial Bank of China to support the consortium's acquisition of Radisson Hotel Group, one of the world's largest hotel groups with seven brands and more than 1,400 hotels in destinations around the world, from HNA Hotel Group.
The White & Case team which advised on the transaction was co-led by partner David Li (Beijing) and senior legal consultant Frank Shu (Shanghai), and included partner Magnus Wennerhorn (Stockholm), counsel Peter Svanqvist (Stockholm) and associates Max Axelsson (Stockholm) and Tianren Liu (Beijing).
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