International legal practice Norton Rose Hong Kong acted for Credit Agricole Corporate and Investment Bank and the other mandated lead arrangers (Maybank Investment Bank Berhad, DnB NOR Bank ASA, RHB Bank (L) Ltd., The Hong Kong and Shanghai Banking Corporation Limited, and Oversea-Chinese Banking Corporation Limited) in respect of Genting Hong Kong Limited’s US$600m syndicated loan facility agreement signed in Manila, Philippines on 27 November 2010.
The facility is a US dollar denominated seven-year floating rate term loan and revolving credit facility of US$600 million (the “Facility”) secured against Genting Hong Kong’s eight-vessel Asian fleet. Net proceeds from the facility will be used to pay down existing indebtedness and for general corporate purposes.
Davide Barzilai, the Norton Rose Hong Kong banking partner who led the transaction, said:
“We are pleased to have had the opportunity of working with our key clients in respect of this significant fleet facility”.
The team was led by Davide Barzilai and with significant support from banking associate Elton Chan.
Holman Fenwick & Willan acted for Genting.
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