Paul Hastings, announced today that the firm represented Shuanghui International Holdings Limited (“Shuanghui”), the owner of China’s largest publicly-traded meat processing enterprise, in entering into a facilities agreement with Bank of China Limited, Cooperatieve Centrale Raiffeisen-Boerenleenbank B.A.

Davis Polk is advising J.P. Morgan Securities LLC, Morgan Stanley Senior Funding, Inc., Barclays Bank PLC and Merrill Lynch, Pierce, Fenner & Smith Incorporated as joint lead arrangers and joint bookrunners and JPMorgan Chase Bank, N.A. as administrative agent, in connection with (i) a $61 billion unsecured bridge loan facility, (ii) a $12 billion unsecured term loan facility and (iii) a $2 billion unsecured revolving credit facility for Verizon Communications Inc.

Davis Polk advised Ingram Micro Inc. in connection with an amendment and extension to its existing $940 million senior unsecured revolving credit facility. Among other things, the amendment adds an additional borrower to the facility, authorizes the borrowers to upsize the facility by up to an additional $310 million and extends the maturity date of the facility. The Bank of Nova Scotia served as administrative agent for the facility.

Davis Polk advised JPMorgan Chase Bank, N.A. as administrative agent in connection with a $2.5 million revolving credit facility for Johnson Controls, Inc. The facility will be used for general corporate purposes.

Davis Polk advised Facebook, Inc. in connection with a new $6.5 billion senior unsecured revolving credit facility. J.P. Morgan Chase Bank, N.A. acted as administrative agent, and J.P. Morgan Securities LLC and Merrill Lynch, Pierce, Fenner & Smith Incorporated acted as joint lead arrangers.

Headquartered in Menlo Park, California, with a market capitalization of approximately $111.51 billion, Facebook, Inc. is a social media network connecting more than 900 million monthly active users.

Davis Polk advised Credit Suisse AG as administrative agent and Credit Suisse Securities (USA) LLC as joint lead arranger and joint bookrunner in connection with Rexnord LLC’s and RBS Global, Inc.’s (“Rexnord”) $1.95 billion incremental term loan facility, which was issued pursuant to Rexnord’s existing senior secured credit agreement, and the amendment of certain provisions in the existing credit agreement.

Allen & Overy has advised Dutch development bank Nederlanse Financierings-Maatschappij voor Ontwikkelingslanden (FMO), as part of a consortium comprising Hong Kong, Taiwanese and Korean banks, on a USD90 million loan facility (subject to the exercise of a greenshoe option) to China Singyes Solar Technologies Holdings (Singyes).

This is the first syndicated loan Singyes has raised since its listing in Hong Kong and the second financing made by FMO in the China solar energy sector.

Jones Day represented High Road Capital Partners in connection with the refinancing by portfolio company All Current Electrical Sales, Inc., a leading reseller in the electrical components industry, of its senior secured credit facility.

For additional information about this matter, please contact: Rachel L. Rawson, Kevin M. Samuels

Client(s): High Road Capital Partners
Practice(s): Banking & Finance
Office(s): Cleveland

Bangkok: Leading international law firm Clifford Chance has advised the lead arranger, Mizuho Bank Limited, on a US$200 million syndicated loan agreement for Bangchak Petroleum Public Company Limited, a Thai oil company listed on the Stock Exchange of Thailand. The funds will be used for Bangchak's future investments into its solar power projects as well for general corporate purposes.

Jones Day represented a leading financial services company, as administrative agent, in a $350 million syndicated revolving and term loan facility for a healthcare services company.

For additional information about this matter, please contact: Aldo L. LaFiandra
Client(s): Leading financial services company
Practice(s): Banking & Finance
Office(s): Atlanta