Daily News: October 14, 2014

Paul Hastings Advises WH Group on $1.5B Term Loan Facility

Paul Hastings announced the firm advised WH Group Limited on its term loan facility provided by certain banks in the amount of $1.5 billion.

Proceeds from the facility will be used to refinance the entire outstanding principal of WH Group Limited’s existing $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 $2.36 billion global offering and IPO, which marked one of the largest Hong Kong IPOs in 2014 to date and the landmark $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.