Examples of Banking Facility Projects

The following are examples of the banking facility projects that lawyers in HoriZon Law Office have handled:

Note: For reason of confidentiality, we have not disclosed the parties’ names.

Acting for a foreign invested bank situated in Shanghai to provide a term loan facility of RMB350 million to a property investment company situated in Beijing, the securities provided for the said facility include a legal mortgage over a commercial building owned by the borrower with a construction area of more than 43,000 square meters;

Acting for a foreign bank through its Shanghai branch to provide a loan facility of RMB230 million to a borrower which is a wholly foreign owned company situated in Tianjin, while acting for the aforesaid foreign bank to provide a loan facility of US$5.34 million to the borrower's shareholder that is a company incorporated in Hong Kong SAR; the securities provided include inter alia a legal mortgage over real properties owned by the borrower with a total construction area of about 30,000 square meters together with the related land use right, the pledge over account receivables, and the pledge over shares held in the borrower, etc.;

Acting for a foreign invested bank situated in Shanghai to provide a term loan facility of RMB186 million to a property development company situated in Nanjing, the related legal services provided by us include providing legal advices, drafting the facility agreement, the escrow account management contract and the other related legal documents, conducting independent company searches on the borrower and issuance of legal opinion, etc.;

Acting for a foreign invested bank situated in Shanghai to provide a loan facility of RMB56 million to a Sino-foreign joint venture company situated in Xiamen; and concurrently acting for the Xiamen branch of the said foreign invested bank to provide a loan facility of US$15.6 million to the same borrower, the securities provided for the said RMB facility and US$ facility include inter alia, a first legal mortgage over a four-star hotel located in Xiamen with a construction area of about 35,200 square meters in favor of the lender who provides the US$ facility, and a second legal mortgage over the same hotel in favour of the lender who provides the RMB facility;

Acting for a foreign bank situated in Shenzhen to provide a loan facility of RMB166.5 million to a borrower which is a wholly foreign owned company situated in Shenzhen, while acting for the aforesaid foreign invested bank’s shareholder to provide a loan facility of US$5.1 million to the borrower's shareholder that is a company incorporated in Hong Kong SAR; the securities provided include inter alia a legal mortgage over real properties owned by the borrower together with the related land use right, the pledge over account receivables, and the pledge over shares held in the borrower, etc.;

Acting for a foreign bank to provide a loan facility of US$10 million to a property development joint venture company to finance development and construction of a commercial and office building located in Wuhan City, Hubei Province;

Acting for a foreign bank through its Shanghai branch to provide a dual-currency term loan facility of up to an aggregate principal amount of RMB200 million or its equivalent in United States Dollars to a Sino-foreign equity joint venture enterprise situated in Shanghai to develop and construct the residential properties in Shanghai;

Acting for a foreign bank in a syndicate made up of that foreign bank providing a loan facility of US$10 million and a local Chinese bank providing a loan facility of RMB280 million to a joint venture property developer to develop and construct the commercial complex and office building in Guangzhou City, secured by a mortgage over the land use right and the buildings thereon;

Acting for a syndicate of foreign banks to provide a term loan facility of RMB200 million to a company situated in Beijing, the securities provided for the said facility include inter alia guarantees, pledge over shares, first legal mortgages over real properties located in 4 cities and first legal mortgage over equipment, and the related legal services include providing legal advices, drafting all the relevant documents in English and Chinese, arranging the execution, carrying out the related filings and registrations, and obtaining the relevant approvals, etc.;

Acting for a borrower (a wholly foreign-owned company situated in Shanghai) for its borrowing from a syndicate of foreign banks of a facility amounting to US$48 million for its property development project in Huangpu District of Shanghai.