Practice Areas - International Finance and Bank Credit Law Firms and Lawyers
| Deal Date: | 13-09-2013 | Practice Area: | International Finance and Bank Credit |
| Deal Title: | Golden Chance (Saigo) Secured Loan Facility | Industry: | General Retailers |
| Description: |
Appleby acted as Bermuda and BVI counsel to Credit Suisse AG, Singapore branch in relation to its USD30 million secured loan facility to Golden Chance (Saigo) and its USD19.5 million subscription of non-listed warrants issued by Century Ginwa Retail Holdings.
Golden Chance (Saigo) Limited is a wholly owned subsidiary of Century Ginwa Retail Holdings Limited, a company incorporated in Bermuda and listed on the Hong Kong stock exchange, and which is primarily engaged in the operation of department stores, shopping malls and supermarkets in China.
The proceeds of the loan are for general refinancing within the Century Ginwa group of companies and for general working capital purposes, while the proceeds from the issue of the warrants will enable Century Ginwa to raise capital and broaden its shareholder base.
The Appleby team was led by Jeffrey Kirk, corporate & commercial partner of Appleby, and assisted by senior associates, Rupen Shah and Joanne Collett. Allen & Overy advised Credit Suisse as to Hong Kong law.
|
||
| Financial Center: | British Virgin Islands | Value: | 0.00-100.00 |
| Advised Party: | Borrower | Law Firm | Appleby |
| Borrower | British Virgin Islands | Lender | British Virgin Islands |
| Classification: |
Syndicated and Bilateral Loans Syndicated Loans |
Lawyer | Jeffrey Kirk |
