Paul Hastings Advises WH Group on US$1.5 Billion Term Loan Facility

October 06, 2014

Hong Kong (October 6, 2014) - Paul Hastings, a leading global law firm, announced today that the firm advised WH Group Limited, the world’s largest pork company, with global leadership across key segments of the industry value chain, including packaged meats, fresh pork and hog production, on its term loan facility provided by certain banks in the amount of US$1.5 billion.

Proceeds from the facility will be used to refinance the entire outstanding principal of WH Group Limited’s existing US$4 billion term loan facility from 2013.

Paul Hastings has advised WH Group on a number of corporate matters and notable transactions include its recent US$2.36 billion global offering and IPO, which marked one of the largest Hong Kong IPOs in 2014 to date; the landmark US$7.1 billion acquisition of Smithfield Foods in 2013, which marked the largest takeover of a U.S. company by a Chinese company to date; and the US$2.5 billion general offer to acquire A-shares in Shuanghui Investment in 2012, which marked one of the largest public company M&A transactions in China.

The Paul Hastings team was led by Raymond Li, partner and Chair of Greater China, and corporate partners Vivian Lam and Catherine Tsang, with support from associates Erika Wan and James Ma, and trainee solicitor Terence Mak.

Paul Hastings is a leading global law firm with a strong presence throughout Asia, Europe, Latin America, and the United States. Through a collaborative approach, entrepreneurial spirit, and commitment to client service, the professionals of Paul Hastings deliver innovative solutions to many of the world’s top financial institutions and Fortune 500 companies.