Sidley advised Beijing Enterprises Clean Energy Group Limited (HKEX:1250) (BECE) in connection with signing a US$150 million-equivalent three-year unsecured bullet term loan with five banks. The original mandated lead arranger and book-runner (MLAB) Deutsche Bank was joined by MLAB China Construction Bank (Asia) and three other lenders, including Postal Savings Bank of China, Nanyang Commercial Bank, and China Guangfa Bank.
BECE is dedicated to developing photovoltaic power, wind power, clean heat supply, and other clean energy businesses, with Beijing Enterprises Water Group Limited, private equity funds managed by CITIC Private Equity Funds Management Co., Ltd., and Tus-Holdings Co., Ltd. as the three major shareholders.
The Sidley team is led by partner Christopher Cheng, supported by counsel Jeremy Chase, HK-registered foreign lawyer (New York) Shuwen Zeng, and legal manager Andie Lam.
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