Practice Areas - International Finance and Bank Credit Law Firms and Lawyers
| Deal Date: | 10-06-2013 | Practice Area: | International Finance and Bank Credit |
| Deal Title: | Joyou AG - Syndicated Loan Facility | Industry: | Leisure Goods |
| Description: |
Ashurst has advised Joyou AG on securing a USD100 million (approx. EUR77 million) syndicated loan facility for its wholly-owned subsidiary Hong Kong Zhongyu Sanitary Technology Limited. The coordinating arranger for the loan is Nomura International (Hong Kong) Limited. The purpose of the loan is to repay short-term borrowings and thereby to align Joyou's financing structure with the company's asset structure. In addition, the loan will be used for ongoing investments of the Joyou group, particularly for the expansion of its production facilities.
The Ashurst team comprised lawyers from Frankfurt and Hong Kong. The German team was led by partner Matthias von Oppen and counsel Peter Holst and supported by associate Julius Heusgen and Chinese lawyer Jieyi Xiang (all corporate finance). Partner Matthias Schemuth and the associates Nikki Chong and Tiffany Or from Hong Kong advised on aspects of Hong Kong law.
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| Financial Center: | Frankfurt | Value: | 0.00-100.00 |
| Advised Party: | Borrower | Law Firm | Ashurst |
| Borrower | Germany | Lender | Germany |
| Classification: |
Syndicated and Bilateral Loans Syndicated Loans |
Lawyer | Matthias von Oppen |
