Wei-Yang Lim

Representative matters include advising:

Greater China

• A private equity investor in respect of its US$240 million financing of Luckin Coffee Inc. to facilitate the implementation of the restructuring of Luckin Coffee’s US$460 million 0.75% Convertible Senior Notes due 2025 through a scheme of arrangement to be implemented in the Cayman Islands
• An ad hoc group of noteholders in respect of the US$250 million notes issued by Wise Source International Limited and guaranteed by CEFC Shanghai International Group Limited
• China Singyes Solar in respect of the restructuring of two series of senior notes totaling US$425 million
• Bain Capital in respect of a mezzanine facility for its portfolio companies, ChinData, a leading operator of hyperscale data centers in China and Bridge Data Centres
• A global credit fund on the financing for the acquisition of non-performing loan portfolios in China
• A private credit investor in the financing of Goldin Financial Holdings Limited and certain of its subsidiaries

India

• CarVal Investors in its acquisition with Nithia Capital of Uttam Value Steel Limited and Uttam Galva Metallics Limited, the India-based manufacturers of steel and capital equipment products, as part of the corporate insolvency resolution process of the two companies in India
• Dewan Housing Finance Corporation Ltd. and the administrator appointed by the Reserve Bank of India in relation to its landmark corporate insolvency resolution process in India, following the group’s default on approximately US$12 billion of its debt 
• An ad hoc group of credit funds and banks in respect of the restructuring of US$370 million of indebtedness of Wollongong Coal Limited, a mining business listed on the Australian Stock Exchange and its controlling shareholder, Jindal Steel and Power (Australia) Pty Ltd (a subsidiary of Jindal Steel and Power Limited, a steel and power company listed in India) through schemes of arrangement sanctioned by the Supreme Court of New South Wales. This transaction was named “Insolvency & Restructuring Deal of the Year” by the Australasian Law Awards 2020
• A credit fund on its investment in certain non-convertible debentures issued by certain affiliates of GMR Infrastructure Limited, an operator and developer of airports listed in India
• A syndicate of distressed debt/special situations funds and par lenders on the US$765 million debt restructuring of six separate offshore facility agreements of Jindal Steel and Power (Mauritius) Limited (a subsidiary of Jindal Steel and Power Limited, a steel and power company listed in India)

Indonesia

• Offshore senior secured lenders of PT Apexindo Pratama Duta Tbk., an offshore and onshore oil and gas drilling contractor listed in Indonesia, in connection with the restructuring of over US$445 million of debt by a Court-supervised Indonesian suspension of payments proceedings
• First lien and second lien private credit investors on the financing of Kinross International Group Limited’s acquisition of Mitsubishi Corporation’s joint venture interests in a variety of oil and gas fields in Eastern Java held through Kangean Energy Indonesia
• A consortium of private credit investors on the refinancing and restructuring of the US$235 million indebtedness of Nixon Investments Pte Ltd. (a subsidiary of PT Astrindo Nusantara Infrastruktur Tbk., an energy infrastructure company listed in Indonesia)
• Private credit investors on the financing and restructuring of the indebtedness of PT Energi Mega Persada Tbk., an upstream oil and gas company listed in Indonesia

Selected Others

• Asian based global commodities giant, Noble Group Limited on its multi-billion dollar global restructuring. This transaction was named “Restructuring Deal of the Year” by IFLR Asia-Pacific Awards 2019 and “Finance Deal of the Year: Insolvency and Restructuring” by The Asia Legal Awards 2019
• Apax Partners on the leveraged financing of its public takeover bid of the dual-listed Trade Me Group Limited
• arrangers on the leveraged financing of Permira’s acquisition of Tricor Group
• arrangers on the leveraged financing of CVC’s acquisition of Sisal Group
• Carlyle on the leveraged financing of its public takeover bid of the LSE-listed Innovation Group plc
• Baring Private Equity Asia on the leveraged financing of its acquisition of a stake in Weetabix Food Company
• a coordinating committee of pre-export facilities lenders in connection with Ferrexpo plc’s debt restructuring
• a variety of banks and funds that were secured vessel lenders in connection with the debt restructuring of Zim Integrated Shipping Services Limited