Mavis Sun

Since joining Kirkland & Ellis, Mavis has represented the following: 

• Ad hoc committee of noteholders in a successful restructuring of the New York-law governed US$275 million senior notes issued by Hong Seng Limited and guaranteed by Hong Yang Group Company Limited, the controlling shareholder of Hong Kong-listed companies Redsun Properties Group Limited (HKSE: 1996) and Redsun Services Group Limited (HKSE: 1971)
• Ad hoc committee of offshore bondholders in a restructuring of over US$12 billion of offshore financial indebtedness issued by Kaisa Group Holdings Ltd. (HKSE: 1638)
• Ad hoc committee of offshore bondholders in a restructuring of around US$4.6 billion offshore bonds and perpetual securities issued by CIFI Holdings (Group) Co. Ltd. (HKSE: 0884)
• iQIYI Inc. (Nasdaq: IQ) in connection with the refinancing and liability management options of US$1.2 billion of convertible notes
• Bondholders in a restructuring of the exchangeable bonds issued by China LVGEM Property Holdings Ltd, the controlling shareholder of the Hong Kong-listed, Chinese real estate developer LVGEM (China) Real Estate Investment Co Ltd (HKSE: 0095)
• A top-tier sponsor backed telecom tower infrastructure group in Myanmar in relation to the restructuring of over US$420 million of senior and mezzanine debt
• Sapura Energy Berhad (KLSE: SAPNRG), the Malaysian integrated oil and gas services provider with global operations in over 20 countries, with respect to its cross-border, comprehensive financial and operational restructuring
• Certain financial creditors of offshore affiliates of Suning.com Co. (SH: 002024) in connection with the restructuring of its financial indebtedness
• A global real estate management and investment fund in connection with the enforcement and restructuring of debts owed by Yang Kee Logistics Pte Ltd (in receivership), the Singapore-headquartered global logistics company
• Certain bondholders in restructuring negotiations and enforcement actions in respect of bonds guaranteed by Sinic Holdings (Group) Co. Ltd. (HKSE: 2103) and its winding up proceedings
• Certain holders of notes issued by Yango (Cayman) Investment Limited and guaranteed by Fujian Yango Group Co. Ltd in connection with the restructuring of such notes and enforcement actions
• Global Brand Group Holding Limited (HKSE: 787) in connection with the group’s cross-border wind-down through US Chapter 11 proceedings, UK administration, liquidation processes in Bermuda, Singapore and Hong Kong
• Dewan Housing Finance Corporation Ltd. and the administrator appointed by the Reserve Bank of India in relation to its landmark corporate insolvency resolution process in India, following the group’s default on approximately US$12 billion of its debt
• CarVal Investors in its acquisition with Nithia Capital of Uttam Value Steel Limited and Uttam Galva Metallics Limited, the India-based manufacturers of steel and capital equipment products, as part of the corporate insolvency resolution process of the two companies in India
• A consortium of private credit investors on a holistic restructuring of the US$235 million indebtedness of Nixon Investments Pte Ltd. (a subsidiary of PT Astrindo Nusantara Infrastruktur Tbk., an energy infrastructure company listed in Indonesia)
• A consortium of private credit investors on the restructuring of c. US$252 million indebtedness of a leading Indonesia listed and based integrated media company and its subsidiaries
• Syndicated lenders of PT Pan Brothers Tbk. in relation to the restructuring of US$138 million of syndicated loans and US$171 million of senior unsecured notes under a scheme of arrangement, which was sanctioned by the High Court of Singapore

Prior to joining Kirkland & Ellis, Mavis represented the following:

• Genting Hong Kong Limited on its c.US$3.5bn debt restructuring 
• a Malaysia-based international oil and gas services and solutions provider, on its US$2.5bn corporate debt restructuring
• the term loan and RCF lenders on the US$1bn corporate debt restructuring of the Bumi Armada Group, a Malaysia-based international offshore energy facilities and marine services provider
• the arranger and original lender on the financing for the acquisition of non-performing loan portfolios in the PRC by a global credit fund
• Sinochem International Corporation, a major PRC SOE, in connection with the restructuring of approx. US$500m financing arrangements for multiple vessels and containers in order to facilitate a merger process
• the Steinhoff group in connection with its €5bn global debt restructuring
• various syndicates of lenders and distressed debt / special situations funds on the US$765m corporate debt restructuring of an offshore subsidiary of Jindal Steel & Power, an Indian listed steel and energy company
• two major international banks in separate bilateral margin loan financings for a global PE firm
• a major PRC state-owned bank on its financing, guaranteed by MIGA, to a subsidiary of HyalRoute Communication Group to finance fiber optic cable network projects in Myanmar
• Arrangers on the leveraged financing of Permira’s acquisition of Tricor Group