Yang is a partner in the Hong Kong office of Zhong Lun Law Firm. He has extensive experience in advising private equity sponsors, credit funds and corporates on cross-border leveraged finance, margin loans, structured financing, direct lending, restructuring and special situations financing transactions. He has also advised both debtors and creditor clients in cross-border financial restructuring, private credit and special situations financings.

Prior to joining Zhong Lun, Yang worked in a number of leading international law firms in London and Hong Kong. He also spent time on secondment to the Transaction Management Group of HSBC in London.

Leveraged Finance

• Represented Blackstone Capital Partners and Blackstone Real Estate Partners on the leveraged financing for their U.S. P2P acquisition of Global Sources Inc, including opco/propco facilities
• Represented Blackstone Capital Partners on the leveraged financing for its buy-out of Shya Hsin
• Represented Bain Capital in connection with its acquisition of Xiamen Qinhuai Technology Company Limited (ChinData), a leading operator of hyperscale data centers in China, from Wangsu Science & Technology Co. Ltd., as well as in connection with the combination of ChinaData with Bain Capital’s existing Bridge Data Centres platform
• Represented KKR on the leveraged financing for its acquisitions of non-controlling interests in various portfolio companies
• Represented Ares in connection with the acquisition financing relating to Epiris’ acquisition of Inchcape Shipping Services, one of the world’s largest maritime services providers
• Represented Advent International on the leveraged financing for the business combination of King Koil China and Serta China
• Represented New Frontier on the leveraged financing for the business combination with United Family Healthcare in China
• Represented New Frontier Public Holding Ltd., the lead investor in the buyer consortium, on the RMB equivalent of US$500 million debt financing for the take private of New Frontier Health Corporation (NYSE: NFH), operator of the premium healthcare services provider United Family Healthcare
• Represented BroadPeak Global and Asia Green Fund on its debt financing to purchase the clean technologies business of DuPont
• Represented JD Property Group Corporation on its debt financing to acquire a controlling interest in, and the related takeover of, China Logistics Property Holdings Co., Ltd. (HKSE: 1589)
• Represented Centurium Capital and other co-sponsors, on its debt financing for the take-private of China Biologic Products Holdings, Inc. (NASDAQ: CBPO)
• Represented Summer Capital Limited on the financing for the acquisition of a hospitality school in Europe

Restructuring

• Represented an ad hoc committee of holders of the US$200 million 7.99% senior notes due 2021 issued by Knight Castle Investments Limited, a wholly owned subsidiary of Shandong Sanxing Group Company Limited, in respect of its scheme of arrangement
• Represented Yestar Healthcare Holdings Company Limited, a leading distributor and service provider of in vitro diagnostic products in the PRC, on its successful restructuring of its New York law governed US$200 million senior notes through a scheme of arrangement in the Cayman Islands
• Represented an ad hoc committee of holders of the US$175 million 9.5% Senior Secured Notes due 2022 issued by Pearl Holding III Limited in respect of the group liquidation and sale of the group’s assets
• Represented HNA Group International & CWT International Limited in connection with the restructuring of their offshore group debts
• Represented a key developer in Hong Kong on restructuring of its existing debt
• Represented Noble Group in relation to the restructuring of its capital structure
• Represented an ad hoc committee of holders of the US$200 million 7.125% senior notes due 2022 issued by Jain International Trading B.V., a subsidiary of Indian listed multinational micro-irrigation, food processing and plastic products conglomerate Jain Irrigation Systems Limited, in connection with the restructuring of the notes through a UK scheme of arrangement

Private Credit and Special Situations

• Represented a leading international alternative investment firm in connection with the special situations asset backed financing into a distressed conglomerate in advance of a proposed restructuring process
• Represented Alvotech in connection with its negotiations with its first lien private credit investors and equity holders in connection with its dual New York and Iceland initial public offering
• Represented Alvotech in connection with the upsizing of its existing senior bonds together with additional investment from Farallon Capital Management, Sculptor Capital Management, Oaktree Capital Management, Lodbrok Capital, and Morgan Stanley
• Represented Alvotech with the follow-on issuance of approximately US$170 million subordinated convertible bonds consisting of USD and ISK tranches
• Represented a leading Chinese developer in connection with the US$130 million offshore facility granted by a Hong Kong based Family Office
• Represented a leading AMC in connection with its various debt portfolio in Europe