(November 27, 2012) - Paul Hastings, a leading global law firm, announced today that it has successfully represented China Everbright International Limited (China Everbright), a company whose shares are listed on the Hong Kong Stock Exchange, in relation to its US$200 million term loan facilities provided by Asian Development Bank (ADB) to two wholly-owned subsidiaries of China Everbright. The financing is in the form of a direct US$100 million A-loan and a complementary B-loan of up to US$100 million, to be funded by commercial lenders with ADB acting as lender on record.
Paul Hastings previously advised China Everbright in connection with a US$100 million A-loan disbursed by ADB to a wholly-owned subsidiary of China Everbright in 2009 and a US$100 B-loan disbursed by ADB as lender on record with six commercial banks funding the loan as participants earlier this year.
The Paul Hastings team was led by Raymond Li
, partner and Chair of Greater China, and corporate partner Vivian Lam
, with support from associate Erika Wan
. Paul Hastings is a leading global law firm with offices in Asia, Europe, and the United States. We provide innovative legal solutions to financial institutions and Fortune 500 companies. Please visit www.paulhastings.com for more information.