ChemChina Completes US$5.5 Billion Refinancing
06.06.18
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The Firm recently represented China National Chemical Corporation (“ChemChina”) on a US$5.5 billion syndicated refinancing (the “Refinancing Facilities”). The Refinancing Facilities paid off the outstanding amounts under the US$12.7 billion holdco acquisition facility entered into in connection with ChemChina’s acquisition of Swiss agrochemical and seeds company Syngenta AG, on which Simpson Thacher also represented. The Refinancing Facilities were fully underwritten by more than 15 financial institutions.
ChemChina is a state-owned enterprise and is the PRC’s largest chemical company, ranking 211th among the Global Fortune 500 enterprises.
The Simpson Thacher team included Makiko Harunari, Anuj Shah, Alvin Kwong and Scott Zhang (Financing – Hong Kong); Jun Feng (M&A – Beijing); and Meredith Jones and William Smolinski (Tax – London).