Global Law Firm White & Case LLP Advises on $1.75 Billion Refinancing of Ali Group North America Corp.
Advisory provided by our law firm to Ali Group on a US$1.75 billion refinancing deal
In a significant move, global law firm White & Case LLP has advised Ali Group North America Corp. on a $1.75 billion refinancing of debt incurred during 2022 for the acquisition of Welbilt Group.
The refinancing comprises two credit facilities: a $1.65 billion term loan and a $100 million revolving credit facility. These facilities were provided by a consortium of banks, including Bank of America, N.A., London Branch and BNP Paribas Italian Branch, ING Bank N.V., Milan Branch, Wells Fargo Bank, N.A., Mediobanca International (Luxembourg) S.A., and Intesa Sanpaolo S.p.A., New York Branch.
Bank of America, N.A., London Branch and BNP Paribas Italian Branch served as the global coordinators, bookrunners, mandated lead arrangers, and original lenders. The other banks mentioned were the mandated lead arrangers and original lenders.
The White & Case team, led by partners Michael Immordino, Stefano Bellani, Justin Wagstaff, David Dreier, and Martin Forbes, advised on the transaction. The team also included associates Nicola Tosin, Nick Townsend, Nir Fishbien, Theon Richards, and lawyer Anna Sabatti, and one unnamed lawyer.
The team's areas of expertise cover Capital Markets, Debt Finance, Tax, Western Europe, North America, United Kingdom, Italy, United States. Dr. Nir Fishbien specializes in Tax, Mergers & Acquisitions, Private Capital, Capital Markets.
Nick Townsend specializes in Debt Finance, while Stefano Bellani specializes in Debt Finance, Life Sciences and Healthcare, and Technology. Michael Immordino specializes in Debt Finance, Capital Markets, Mergers & Acquisitions, Private Capital, Life Sciences and Healthcare, and Shareholder Activism. Justin Wagstaff specializes in Debt Finance, Borrower Finance, Private Capital, Financial Restructuring and Insolvency, Life Sciences and Healthcare, Technology, Financial Institutions.
Theon Richards specializes in Debt Finance, Private Credit & Direct Lending, Bank Lending. Anna Sabatti specializes in Debt Finance, Mergers & Acquisitions. David Dreier specializes in Tax, Employment, Compensation & Benefits, Mergers & Acquisitions, Financial Restructuring and Insolvency, Technology, Financial Institutions.
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This refinancing marks a significant step for Ali Group North America Corp., further strengthening their financial position and supporting their ongoing growth and strategic initiatives.
- White & Case LLP, a global law firm, advised Ali Group North America Corp. on a $1.75 billion debt refinancing related to the 2022 acquisition of Welbilt Group.
- The refinancing includes a $1.65 billion term loan and a $100 million revolving credit facility provided by an international consortium of banks.
- Bank of America, N.A., London Branch and BNP Paribas Italian Branch served as the global coordinators and lead arrangers in this transaction.
- The White & Case team, headed by partners Michael Immordino, Stefano Bellani, Justin Wagstaff, David Dreier, and Martin Forbes, provided legal advice for the deal.
- The team's expertise spans Capital Markets, Debt Finance, Tax, Western Europe, North America, United Kingdom, Italy, and the United States.
- Dr. Nir Fishbien focuses on Tax, Mergers & Acquisitions, Private Capital, and Capital Markets, while Nick Townsend specializes in Debt Finance.
- Stefano Bellani has expertise in Debt Finance, Life Sciences and Healthcare, and Technology, and Michael Immordino in Debt Finance, Capital Markets, Mergers & Acquisitions, Private Capital, Life Sciences and Healthcare, and Shareholder Activism.
- Justin Wagstaff's practice includes Debt Finance, Borrower Finance, Private Capital, Financial Restructuring and Insolvency, Life Sciences and Healthcare, Technology, and Financial Institutions.
- Theon Richards specializes in Debt Finance, Private Credit & Direct Lending, Bank Lending, and Anna Sabatti in Debt Finance and Mergers & Acquisitions. The team also included one unnamed lawyer.
