Paul Hastings, a leading global law firm, announced today that the firm advised Hanjin International Corporation (“Hanjin”) on its issuance of the US$300 million floating rate notes (“notes”). The Reg S-registered notes were guaranteed by state-owned Export-Import Bank of Korea. BNP Paribas and HSBC were the joint bookrunners of the offering.
Hanjin is the U.S.-based subsidiary of Korean Air Lines Co., Ltd, the flagship airline of South Korea. The proceeds from the offering will be used for the construction of a 70-story office and hotel tower developed by Hanjin in downtown Los Angeles.
The Paul Hastings team was led by capital markets partner Dong Chul Kim, with support from associates Steve Kang and Young Hwan Ryu. Partner Alexander Lee and associate Amy Lawrence advised on U.S. tax matters.
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