Sabrina Lee
Biography
Overview
Sabrina Lee is an associate in White & Case's Asia Debt Finance and Restructuring group, based in Hong Kong. Sabrina has extensive experience advising banks and major financial institutions, alternative finance and capital providers, private equity sponsors, and corporate borrowers across a broad range of capital structures.
Sabrina also spent six months in the Financial Restructuring and Insolvency Group of our London office.
Experience
Private credit financing provided by Goldman Sachs
Advised funds managed by Goldman Sachs as lenders in a holdco level financing to an Asia-based private equity fund.
Financings for Alibaba Group
Advised Standard Chartered Bank (Hong Kong) Limited, BNP Paribas, Citigroup, DBS Bank, HSBC, China Construction Bank (Asia) Corporation, Intesa Sanpaolo SPA, ING Bank, JP Morgan, Mizuho Bank, MUFG and Morgan Stanley as the mandated lead arrangers and bookrunners on the amendment and extension of the 2017 facilities and concurrent upsize to an aggregate US$6.5 billion senior secured revolving credit facilities for Alibaba Group Holding Limited in 2021.
CITIC Capital Acquisition Financing of GNC Holdings
Advised 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.
Financings and refinancings for Reignwood Group
- Advised Deutsche Bank as mandated lead arranger and bookrunner on a US$125 million and EUR115 million refinancing term loan facility to Reignwood Group, secured by Ten Trinity Square in 2020.
- Advised Deutsche Bank as mandated lead arranger on a US$150 million and GBP112 million refinancing term loan facility to Reignwood Group, a multinational investor and developer, secured by Ten Trinity Square, a mixed-use building in London, United Kingdom in 2018.
- Advised Deutsche Bank as mandated lead arranger on a US$500 million term loan facility to Reignwood Group, secured by Ten Trinity Square in 2015.
Financing for privatisation of CWT Limited by HNA
Advised the private credit fund and other financial institutions on the financing to subsidiaries of HNA Holding Group Co., Ltd. for the voluntary general offer for all the issued shares in CWT Limited, a Singapore-listed integrated logistics solutions provider.
Financing for Studio City Macau
Advised Bank of China Limited, Macau Branch as lender and agent in respect of a HK$234 million super-senior revolving credit financing and Deutsche Bank as sole global coordinator and left lead bookrunner for US$1.2 billion dual-tranche senior secured notes, and Bank of China Limited, Macau Branch as senior secured creditor and agent with respect to the collateral and intercreditor arrangements in connection with the refinancing of Studio City Company's existing indebtedness. At the time of closing, the transaction was the largest high-yield corporate bond issuance in Asia for 2016 and is one of the first transactions in the Asian market comprising a pari passu bank/bond platform with super-senior credit facilities.
Real Estate Financing provided by China Huarong
Advised China Huarong International Holdings Limited on a US$50 million secured term loan to finance the acquisition of land and buildings in California, USA by a Chinese pharmaceutical company.