White & Case, Nishimura & Asahi, and Anderson Mori & Tomotsune are advising a group of banks on a $2 billion syndicated loan facility provided to eAccess, a Japanese internet service provider and parent of mobile data company eMobile.
The loans are being arranged by Mizuho Bank, Crédit Agricole Group, ING Group, and Sumitomo Mitsui Banking Corp. According to eAccess’s announcement earlier this month, the Tokyo-based company is planning to refinance $2 billion of eMobile’s debt with a combination of new loans and bond issue, making the transaction the first in Japan to combine a syndicated loan facility with a simultaneous bond issue.
