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UPL Limited and UPL Corporation Limited complete refinancing of its outstanding US$3 billion term loan facility

September 2022

Client(s) UPL Limited and UPL Corporation Limited

Jones Day represented UPL Limited and UPL Corporation Limited (a Mauritius incorporated subsidiary of UPL Limited) in connection with the refinancing of the outstanding principal amount under its US$3 billion term facility.

The refinancing facility consisted of a US$675 million term loan facility with a US$75 million greenshoe option, with DBS Bank Ltd.; the Hongkong and Shanghai Banking Corporation Limited; Mizuho Bank, Ltd.; MUFG Bank, Ltd.; and Sumitomo Mitsui Banking Corporation Singapore Branch, as mandated lead arrangers, underwriters, and bookrunners.

The proceeds of the original US$3 billion loan were utilized by UPL Corporation Limited for its acquisition of Arysta LifeScience Inc. Jones Day advised UPL Limited and UPL Corporation Limited on the original US$3 billion acquisition finance facility as well.

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