Advisory provided to Ali Group for a US$1.75 billion loan refinancing by our law firm
In a significant financial move, Bank of America, N.A., London Branch and BNP Paribas Italian Branch have taken the reins as the global coordinators, bookrunners, mandated lead arrangers, and original lenders for the refinancing of Ali Group North America Corp. The refinancing, amounting to $1.75 billion, was aimed at restructuring existing debt incurred during the 2022 acquisition of US-based Welbilt Group.
The refinancing package comprises two credit facilities: a substantial $1.65 billion term loan and a supporting $100 million revolving credit facility, both provided by Bank of America, N.A., London Branch and BNP Paribas Italian Branch. In addition to these two banks, 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 have also joined as mandated lead arrangers and original lenders.
The legal advisory for this transaction was handled by the global law firm White & Case LLP. The team, led by partners Michael Immordino, Stefano Bellani, Justin Wagstaff, David Dreier, and Martin Forbes, included associates Nicola Tosin, Nick Townsend, Nir Fishbien, Theon Richards, and lawyer Anna Sabatti. Stefano Bellani, a specialist in Debt Finance, Life Sciences and Healthcare, and Technology, played a key role in the transaction.
Michael Immordino, who specializes in Debt Finance, Capital Markets, Mergers & Acquisitions, Private Capital, Life Sciences and Healthcare, and Shareholder Activism, also contributed significantly to the deal. Justin Wagstaff, an expert in Debt Finance, Borrower Finance, Private Capital, Financial Restructuring and Insolvency, Life Sciences and Healthcare, Technology, and Financial Institutions, was another valuable member of the team.
Dr. Nir Fishbien, who specializes in Tax, Mergers & Acquisitions, Private Capital, Capital Markets, and Anna Sabatti, who specializes in Debt Finance and Mergers & Acquisitions, also made notable contributions to the transaction. The service areas covered by the White & Case team included Capital Markets, Debt Finance, Tax, Western Europe, North America, United Kingdom, Italy, and United States.
The press contact for more information regarding this refinancing is the local media contact.
For any further queries or clarifications, please reach out to the local media contact.
- The refinancing of Ali Group North America Corp involves practice areas such as Capital Markets, Debt Finance, Tax, and Mergers & Acquisitions.
- Bank of America, N.A., London Branch and BNP Paribas Italian Branch are leading the refinancing package, which includes finance services like term loans and revolving credit facilities.
- 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 have also joined as mandated lead arrangers and original lenders for the deal.
- The White & Case LLP team, including partners Michael Immordino, Stefano Bellani, Justin Wagstaff, David Dreier, and Martin Forbes, managed the legal advisory for this transaction.
- Stefano Bellani, a specialist in Debt Finance, Life Sciences and Healthcare, and Technology, and Dr. Nir Fishbien, who specializes in Tax, Mergers & Acquisitions, played key roles in the refinancing deal.
- Anna Sabatti, who specializes in Debt Finance and Mergers & Acquisitions, also contributed significantly to the transaction.
- The team from White & Case LLP covered service areas in Western Europe, North America, United Kingdom, Italy, and United States for this international refinancing.
- For any news or updates regarding this refinancing deal, please contact the local media contact.
- For any queries or clarifications related to this deal, you should reach out to the local media contact.
