Stephenson Harwood advises facility agent and lenders in US$250 million loan restructuring

Restructuring & Insolvency | 20/11/2025

Law firm Stephenson Harwood has advised the facility agent and the lenders in the restructuring of a US$250 million syndicated loan to China Glass Holdings Limited.

China Glass Holdings Limited is a Hong Kong listed float glass manufacturer and supplier, headquartered in the PRC with international operations.

This transaction was particularly challenging given the need to manage a large syndicate comprising of more than 10 lenders, each with their own specific commercial requirements, approval processes, and procedural nuances. This required the team to guide our clients through complex structural, legal, regulatory and commercial issues, all within an extremely demanding timetable.

Restructuring & Insolvency Partner Alvin Cheung led the Stephenson Harwood team advising on the transaction, with support from Finance Partner Elton Chan and Associate Anthony Wong. The team continues to advise on a range of post-closing matters related to this transaction.