Watson Farley & Williams (“WFW”) advised Korea Investment & Securities (“KIS”), as mandated lead arranger and bookrunner, on a US$400m syndicated dual tranche term loan facility to be provided by a group of leading Asian banks to KB Kookmin Card. This is the first time KB Kookmin Card has raised funds through a syndicated loan agreement with international lenders.
Founded in 1974, KIS is a financial services provider offering securities dealing, brokerage, underwriting, online trading, commercial papers and asset management services to customers across South Korea, Asia and the United States.
KB Kookmin Card, a subsidiary of KB Financial Group, was established in 1980. As a pioneering credit card company, it is building a leading payment ecosystem in Asia.
The cross-border, multi-disciplinary WFW team that advised KIS was led by Seoul Partner John Kil, working closely with Hanoi Project Finance Partner Matt Lorimer. They were assisted by Singapore Senior Associate Billy Fraser and Hong Kong Associate Jim Chan.
John commented “This was an important, high-value deal that we are very pleased to have advised on. This transaction highlights WFW’s in-depth knowledge and extensive experience in advising on complex financings”.
Matt added “We are delighted to advise KIS and such a strong syndicate of lenders from across Asia on this important transaction”.