Paul Hastings Advises China Everbright on US$100 Million Facility from ADB

January 12, 2012

Hong Kong (January 12, 2012) - Paul Hastings, a leading global law firm, announced today that it advised China Everbright International Limited (China Everbright), a company whose shares are listed on the Hong Kong Stock Exchange, in relation to a B-loan of US$100 million (B-Loan). This loan is part of the US$200 million project financing provided by Asian Development Bank (ADB) to a wholly-owned subsidiary of China Everbright in 2009. The B-Loan is structured such that ADB is the lender of record with 6 commercial banks (including 3 Taiwanese banks) funding the loan as participants. Mizuho Corporate Bank, Ltd. and Hang Seng Bank Limited acted as participation arrangers.

The proceeds of the B-Loan will be used to finance waste-to-energy projects in various cities across China and marks ADBs first syndicated loan to a Chinese company since 2007. It also marks the first time a Taiwanese commercial bank has provided lending directly to a Chinese company.

In 2009, Paul Hastings advised China Everbright on the US$100 million A-loan disbursed solely by ADB to a wholly-owned subsidiary of China Everbright.

Corporate partners Raymond Li and Vivian Lam led the Paul Hastings team, which included of counsel Jenny Lau and associates Erika Wan and Ling Ling.

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.



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