Hunton & Williams (Thailand) Limited Represents Financial Institutions in Largest 2011 Financing in Thailand
BANGKOK — 22 September 2011 — Hunton & Williams (Thailand) Limited recently represented four financial institutions in a Credit Facilities Agreement of Baht 48,940 million ($1.6 billion) with two subsidiaries under the Wireless Group of the Company, consisting of BFKT (Thailand) Company Limited and Real Future Company Limited.
The four financial institutions are the Siam Commercial Bank Public Company Limited, Krung Thai Bank Public Company Limited, United Overseas Bank (Thai) Public Company Limited, and Export-Import Bank of Thailand. The credit facilities consist of term loan facilities of up to 10 years and of revolving working capital facilities, which will be used to invest in business expansion, to refinance existing indebtedness, and as working capital for business operations.
"This transaction will restructure the mobile phone industry in Thailand and is the largest transaction to date in 2011 in Thailand," noted the lead lawyer Manida Zinmerman, partner with the firm's Bangkok office. "We are delighted to participate in such an important opportunity to maximize benefits for the Thai people so they can equally access knowledge and information."
Led by Zinmerman, the Hunton & Williams team included Veerachai Chuenchompoonut, Tip-Apa Limvichai, Angsuma Montienkasem, and Pongtip Jongaroonngamsang.
Hunton & Williams offers clients a fully integrated team of lawyers for cross-border M&A and financings throughout Southeast Asia, China and Japan.
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