White & Case and King & Wood Mallesons have advised nine international banks on the provision of a $8 billion syndicated loan to Chinese e-commerce giant Alibaba Group Holding Ltd.
Freshfields Bruckhaus Deringer represented Alibaba on the loan, which will be used to refinance the Hangzhou-based company’s existing debt, pay for the buyback of preferred shares from Yahoo! Inc. and for general corporate purposes. Last year, Freshfields also advised Alibaba on its $7.1 billion Yahoo! share buyback deal.
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