China/Hong Kong
Paul Hastings has advised Shuanghui International Holdings Ltd. on securing $4 billion in financing for its proposed $7.1 billion acquisition of U.S. meat producer Smithfield Foods. Shuanghui, China’s largest meat processor, is entering into debt facilities with eight banks: Bank of China Ltd., Cooperatieve Centrale Raiffeisen-Boerenleenbank B.A., Credit Agricole Corporate and Investment Bank, DBS Bank Ltd., Natixis, The Royal Bank of Scotland Plc., Standard Chartered Bank (Hong Kong) Ltd., and Industrial & Commercial Bank of China (Asia) Ltd. For the debt financing, Paul Hastings Hong Kong partners Raymond Li and Vivian Lam, New York partners Michael Chernick and Mario Ippolito, and London partner Garrett Hayes advised Shuanghui on Hong Kong and U.S. law. Troutman Sanders acted on Virginia law matters. Allen & Overy Beijing partner Cindy Lo represented the lenders, along with Chinese firm Jingtian & Gongcheng and offshore firm Walkers. [Read full story]
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