Global law firm Clifford Chance has advised The Executive Centre (TEC), one of Asia’s leading providers of premium flexible workspace solutions, on a US$585 million hybrid financing provided by funds managed by Apollo Global Management.
The financing is intended primarily to refinance existing debt and support TEC’s future growth and expansion plans.
Lead partner Charlotte Leung said: “We are pleased to have advised The Executive Centre on this significant financing. The transaction demonstrates the continued evolution of capital solutions available to businesses across Asia Pacific and highlights the growing role of hybrid financing structures in supporting refinancing and growth objectives.”
The Clifford Chance team was led by Debt Finance partner Charlotte Leung, with support from counsels, Chit Kwong and Alexander Sorgese, associates Sachin Kinger and Hong Yang See, and trainee solicitors Donald Tsang and Oliver Lai. The M&A aspects were led by partner Shimin Lee with support from partner Tom Lin, counsel Wesley Tan, associate Denzyl Ang and trainee solicitor Emily Stanton.
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