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Zhong Lun Advises on RMB 12.9 Billion Syndication Loan (Phase I) for Shanghai Disneyland Project
Zhong Lun Advises on RMB 12.9 Billion Syndication Loan (Phase I) for Shanghai Disneyland Project
Zhong Lun Law Firm Shanghai Office recently advised borrower Shanghai Shendi (Group) Co., Ltd. on the Shanghai Disneyland Syndication Loan Project (Phase I), which was the biggest one in terms of amount among others at the Shanghai Construction Propulsion Conference & Syndication Loan Signing Ceremony for 2012 Shanghai Major Construction Projects.
According to the facility agreement, the syndicate consisting of 12 major domestic financial institutions (China Development Bank, Bank of Communications and Shanghai Pudong Development Bank as the arrangers) will grant to Shanghai Shendi (Group) Co., Ltd. the facility up to RMB 12.9 billion for the development and construction of Shanghai International Tourism Resort (i.e. Shanghai Disneyland Theme Park Project).
The signing ceremony was jointly held by Shanghai Municipal Development & Reform Commission, China Banking Regulatory Commission Shanghai office and the People’s Bank of China Shanghai Head Office on April 10, 2012.
The Zhong Lun team, led by Shirley Lu (partner) and also composed of Andy Li and Will Lu (associates), acted as the legal counsel for the borrower and provided full-range legal services. Partners Anthony Qiao and Gavin Zhang also provided great support to this project.
