Norton Rose advises BNP Paribas, Citibank, DBS, HSBC, OCBC and SMBC on US$1.5 billion revolving credit facility
6 May 2011
Norton Rose (Asia) LLP, the international legal practice, has advised BNP Paribas, Citibank Global Markets Singapore Pte Ltd, DBS Bank Ltd, The Hongkong and Shanghai Banking Corporation Limited, Oversea-Chinese Banking Corporation Limited and Sumitomo Mitsui Banking Corporation on a US$1.5 billion revolving credit facility for Wii Pte. Ltd, a wholly owned subsidiary of Wilmar International Limited.
Wii Pte Ltd holds proprietary investments for the Wilmar Group, a leading Asian agribusiness company that has over 300 manufacturing plants and an extensive distribution network covering China, India, Indonesia and some 50 other countries.
Yu-En Ong, banking partner, Singapore commented:
“Companies, such as Wii, are taking advantage of increased liquidity and a healthy syndicated loan market, to fund mergers, acquisitions and investments on a global scale where comparable bargains can be still be found as markets return to normalcy following the financial crisis.”
The Norton Rose (Asia) LLP team was led by Yu-En Ong with Jane Cheong.
Advising Wilmar as to Singapore law were Allen & Gledhill LLP.
This is the second time that Norton Rose Group has advised on a syndicated loan in connection with Wilmar International Group. Last year, Norton Rose Group advised Australia and New Zealand Banking Group Limited, The Hongkong and Shanghai Banking Corporation Limited and Cooperative Centrale Raiffeisen-Boerenleenbank B.A on its US$1.3 billion and A$600 million syndicated loan facilities to Wilmar International Limited for its acquisition of Sucrogen Limited from CSR Limited. This transaction picked up the AsiaMoney Best Syndicated Loan Award 2010.
For further information please contact:
Lorraine Lee, Regional business development manager
+ 852 3405 2324 firstname.lastname@example.org
Michael Chambers, Business development manager
+65 6309 5453 email@example.com
Norton Rose (Asia) LLP is a constituent part of Norton Rose Group, a leading international legal practice offering a full business law service from offices across Europe, the Middle East and Asia Pacific.
Knowing how our clients’ businesses work and understanding what drives their industries is fundamental to us. Our lawyers share industry knowledge and sector expertise across borders, enabling us to support our clients anywhere in the world. We are strong in financial institutions; energy; infrastructure and commodities; transport; and technology.
We have over 1800 lawyers operating from 30 offices in Abu Dhabi, Amsterdam, Athens, Bahrain, Bangkok, Beijing, Brisbane, Brussels, Canberra, Dubai, Frankfurt, Hong Kong, London, Melbourne, Milan, Moscow, Munich, Paris, Perth, Piraeus, Prague, Rome, Shanghai, Singapore, Sydney, Tokyo and Warsaw and from associate offices in Ho Chi Minh City, Jakarta and Riyadh.
Norton Rose Group comprises Norton Rose LLP, Norton Rose Australia and their respective affiliates.
Leading Canadian law firm Ogilvy Renault, and leading South African law firm Deneys Reitz, will join Norton Rose Group on 1 June 2011. The enlarged Group will have 2500 lawyers in 38 offices worldwide, including Montreal, Ottawa, Toronto, Quebec, Calgary, Johannesburg, Durban and Cape Town.