Ali Group Secures $1.75 Billion Refinancing for Welbilt Acquisition

Deal News | Aug 04, 2025 | White & Case LLP

Ali Group Secures $1.75 Billion Refinancing for Welbilt Acquisition

White & Case LLP, a prominent global law firm, has advised Ali Group North America Corp. on a substantial refinancing deal amounting to US$1.75 billion. This refinancing pertains to existing debt from Ali Group's acquisition of the US-based Welbilt Group in 2022. The refinancing comprises two primary credit facilities: a US$1.65 billion term loan and a US$100 million revolving credit facility. These were facilitated by Bank of America, N.A., London Branch and BNP Paribas Italian Branch, serving as global coordinators, bookrunners, mandated lead arrangers, and original lenders. Complementing these institutions, ING Bank N.V., Milan Branch, Wells Fargo Bank, N.A., Mediobanca International (Luxembourg) S.A., and Intesa Sanpaolo S.p.A., New York Branch also played roles as lead arrangers and lenders. The execution of this transaction was expertly managed by a team of White & Case lawyers, including partners and associates from their London, Milan, and New York offices.

Sectors

  • Corporate Finance
  • Legal Services

Geography

  • United States – Ali Group North America Corp. is involved, and the refinancing relates to the acquisition of the US-based Welbilt Group.
  • Italy – BNP Paribas Italian Branch and other Italian banks participated as lenders, and several members of the advising legal team are based in Milan.
  • United Kingdom – Bank of America, N.A., London Branch served as a coordinator, and White & Case's London office was involved.

Industry

  • Corporate Finance – The refinancing of existing debt represents a significant corporate finance activity, involving large-scale credit facilities.
  • Legal Services – White & Case LLP, a global law firm, played a crucial advisory role in the refinancing process, showcasing the legal services industry's importance.

Financials

  • US$1.75 billion – Total amount of the refinancing package.
  • US$1.65 billion – Amount of the term loan in the refinancing.
  • US$100 million – Amount of the revolving credit facility in the refinancing.

Participants

NameRoleTypeDescription
Ali Group North America Corp.Target CompanyCompanyAn entity that sought refinancing of existing debt related to its acquisition of Welbilt Group.
White & Case LLPLegal AdvisorCompanyA global law firm advising Ali Group on the refinancing transaction.
Bank of America, N.A., London BranchGlobal Coordinator and Original LenderCompanyOne of the banks providing and coordinating the credit facilities.
BNP Paribas Italian BranchGlobal Coordinator and Original LenderCompanyOne of the banks providing and coordinating the credit facilities.
ING Bank N.V., Milan BranchMandated Lead Arranger and Original LenderCompanyParticipated as a lead arranger and lender in the refinancing.
Wells Fargo Bank, N.A.Mandated Lead Arranger and Original LenderCompanyParticipated as a lead arranger and lender in the refinancing.
Mediobanca International (Luxembourg) S.A.Mandated Lead Arranger and Original LenderCompanyParticipated as a lead arranger and lender in the refinancing.
Intesa Sanpaolo S.p.A., New York BranchMandated Lead Arranger and Original LenderCompanyParticipated as a lead arranger and lender in the refinancing.