A banking lawyer with a focus on complex cross-border financings, “Eugene Man… is ‘proactive’, ‘clear’ and ‘concise’.”
Legal 500 Asia Pacific 2015
A banking lawyer with a focus on complex cross-border financings, “Eugene Man… is ‘proactive’, ‘clear’ and ‘concise’.”
Legal 500 Asia Pacific 2015
Eugene has a track record advising banks and other financial institutions, corporates and sponsors, on highly structured cross-border financings. These transactions include acquisition and leveraged financings, equity margin financings, pre-IPO financings, project financings, real estate financings and other event driven financings.
Eugene has advised clients on some of Asia's most high-profile financing transactions, such as the multi-award-winning financing transactions for Alibaba Group, China's e-commerce giant.
He also advises banks and corporates on non-contentious insolvency and restructuring matters.
Dual-qualified in Hong Kong and England and Wales, Eugene is a partner in the Firm's Global Banking Practice based in Hong Kong. He also has experience of working in London and Tokyo, and has worked on secondment to a major US-based investment bank, where he focused on distressed debt and private equity transactions.
Eugene has been ranked in his field in Chambers Asia Pacific. He is also the exclusive winner of the Banking category for Hong Kong given by the ILO Client Choice Awards 2016.
Experience
Advised the financial institutions on the Rule 144A/Regulation S offering of US$1.2 billion senior secured notes due 2019 and senior secured notes due 2021 by Studio City Company Limited (SCC), and on the HK$233 million super senior revolving credit facility (SSRCF) for SCC. SCC is 60 percent held indirectly by Melco Resorts & Entertainment Limited, a developer, owner and operator of casino gaming and entertainment resort facilities in Asia, with the remaining 40 percent held indirectly by New Cotai, LLC.
The offering consisted of US$350 million aggregate principal amount 5.875 percent senior secured notes due 2019, and US$850 million aggregate principal amount 7.25 percent senior secured notes due 2021. It is the largest high yield corporate bond in Asia so far in 2016, and involved complex intercreditor and security interest arrangements in one of the first corporate pari bank-bond transactions with a super senior revolving credit facility in the region. This deal won the "High Yield Deal of the Year" award at the IFLR Asia Awards 2017.
Advised the mandated lead arrangers on a US$5.15 billion financing to Alibaba Group Holding Limited, China’s e-commerce giant, in 2017. The loan is provided by a club of 13 banks appointed by the Borrower.
Advised the mandated lead arrangers on a US$4 billion financing to Alibaba Group Holding Limited in 2016.
Advised the mandated lead arrangers on a US$3 billion financing to Alibaba Group Holding Limited in 2014.
Advised the mandated lead arrangers on a US$8 billion financing to Alibaba Group Holding Limited, a deal named "Best Loan" at the FinanceAsia Achievement Awards 2013, "Syndicated Corporate Deal of the Year" and "Syndicated Deal of the Year" at the Asia Pacific Syndicated Loan Awards 2014, "Debt Market Deal of the Year" at the ALB China Law Awards 2014, as well as "Debt Market Deal of the Year" and "Hong Kong Deal of the Year" at the ALB Hong Kong Law Awards 2014. The funds were partly used to refinance the award-winning two-stage US$4 billion financing on which we advised the mandated lead arrangers in 2012.
Advised the mandated lead arrangers on the award-winning two-stage US$4 billion financing to Alibaba Group Holding Limited. The financing was in support of the take private of Alibaba.com Ltd. in May 2012 and the purchase of Yahoo!'s 40 percent stake in Alibaba Group Holding Limited in September 2012.
Advised Bank of China Limited Macau Branch and Ping An Bank as mandated lead arrangers on a US$2 billion financing of the take private of Shenzhen-headquartered Mindray Medical International Limited, a leading developer, manufacturer and marketer of medical devices worldwide formerly listed on the NYSE.
Advised Deutsche Bank as mandated lead arranger on a US$500 million syndicated term loan to Reignwood Group, a multinational investor and developer, secured by Ten Trinity Square, a mixed-use building in London, United Kingdom.
Advised the coordinating arrangers and bookrunners on an amendment and extension to senior secured facilities of Melco Crown (Macau) Limited, a subsidiary of Melco Resorts & Entertainment Limited , a developer, owner and operator of casino gaming and entertainment resort facilities in Asia. The amended facilities provide for US$1,750 million in senior facilities, consisting of a US$500 million six-year term loan and a US$1,000 million five-year revolving credit facility, which amount may be increased by an additional US$250 million.
Advised Phoenix Property Investors on a US$558 million (RMB 3.4 billion) financing for the acquisition and development of the Crystal Galleria shopping mall in Jing'an District, Shanghai, PRC. This transaction won a 2014 "Deal of the Year" award from China Business Law Journal.
Advised MIE Holdings Corporation on its first offshore loan facility to one of its subsidiaries, provided by Deutsche Bank AG.