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Xiaoyan Sun is an associate in our Asia Banking, Capital Markets & Restructuring practice, based in Hong Kong. Her experience includes advising banks in relation to acquisition finance transactions and general bank lending.
Xiaoyan was based in White & Case's London office before her relocation to Hong Kong. Xiaoyan has also spent some time in the Beijing office.
Acting for Cabot Credit Management Limited, the largest manager and acquirer of defaulted consumer debt in the UK, in the £105 million bridge financing for its acquisition of Marlin Financial Group Limited, which was provided by a syndicate of banks led by J.P. Morgan, and the subsequent consent solicitation in relation to the outstanding high yield notes held by Marlin.
Acting for Credit Suisse, Jefferies and RBS as arrangers with respect to term and revolving facilities of up to €305 million in connection with the acquisition by CVC Capital Partners of a controlling stake in Skrill, one of the world's largest independent digital wallet providers with over 35 million account holders.
Acting for Sanitec Oyj, a leading producer of ceramic products for the European market, on a new €50 million Revolving Credit Facility. We concurrently advised on a high yield bond offering of €250 million Senior Secured Floating Rate Notes due 2018.
Acting for Deutsche Bank, Credit Suisse, and UBS as arrangers and lenders in relation to the £30 million Super Senior Revolving Credit Facility for Aston Martin Lagonda Limited, launched concurrently with a new £304 million issuance of senior secured notes by Aston Martin Capital Limited guaranteed by Aston Martin Holdings (UK) Limited and three of its subsidiaries.
Acting for the co-ordinating committee of lenders to Torm A/S (comprising Danske Bank A/S, Nordea Bank, HSH Nordbank and Danish Ship Finance) on the out-of-court restructuring of Torm A/S and its subsidiaries. The implementation of the Torm A/S restructuring saw the company gain access to a new US$100 million super senior working capital facility secured on the vessels owned by Torm A/S, the restructuring and extension of maturities with respect to Torm A/S's existing secured bank debt (of approximately US$1.8 billion), the creation of a new corporate and group structure for subsidiaries of Torm A/S, and the issuance of new equity by Torm A/S to participants in the restructuring with the existing shareholders retaining 10% ownership upon the conclusion of the restructuring.