EVENTS
Zhonglun Advises on Yingli Financing
Zhonglun Advises on Yingli Financing
Release time：2009-04-21
Voice Announcements
Yingli Green Energy Holding Company Limited announced on April 16, 2009 that it, through its wholly owned subsidiary in the PRC, successfully drew down a US$50 million three-year loan facility from Asia Debt Management Hong Kong Limited (ADM Capital), and in connection with the financing it also issued 4,125,000 warrants to ADM Capital. This transaction structure represents the market’s response to the concerns over the structural subordination embedded in pure offshore financing structures as emerged from the ongoing financial crisis. The Zhonglun team, led by Anthony Zhao and including William Jia, Fang Kun and Shen Jun, has acted as the PRC legal counsel for the lender (ADM Capital) and the arranger (Deutsche Bank) throughout the whole process of this transaction.