Kimberly Chi
Biography
Kimberly Chi has extensive experience with public and private financing and investment transactions. Prior to joining Baker McKenzie, she practiced at Munger, Tolles & Olson for over 15 years. Kimberly also was a member of the legal department of an oil and gas exploration and production company, where she worked closely with the treasury group in advising on a variety of finance, cash management and other credit-related matters. She began her practice in the London and Hong Kong offices of an international law firm, where she focused on capital markets transactions.
Kimberly is co-chair of the Opinions Committee of the Business Section of the California Lawyers Association and a member of the board of directors of the Working Group on Legal Opinions.
Practice Focus
Kimberly advises borrowers and lenders on establishing credit facilities and other financing matters. She represents public and private borrowers across a broad range of industries in corporate revolving and term loan facilities, private equity fund subscription lines, margin loans, asset-based facilities and acquisition finance. On the lending side, Kimberly advises private equity sponsors, family offices and other non-bank lenders in secured and unsecured loan transactions.
Kimberly also represents issuers and investors on a variety of debt and equity transactions. She advises issuers in public offerings and private placements of debt instruments (including convertible debt), trust preferred securities and preferred equity. Kimberly regularly counsels issuer and borrower clients as to compliance matters and the structuring of proposed transactions in the context of complex contractual and other restrictions. In addition, she assists clients with the formation of joint ventures and private equity funds.
Representative Legal Matters
- Advised Berkshire Hathaway in a variety of transactions including: its USD 10 billion investment in Occidental Petroleum; its acquisition of Pilot Travel Centers (known as Pilot Flying J); an agreement with Home Capital Group, a public company traded on the Toronto Stock Exchange (HCG), for an equity investment of up to CAD 400 million and a new CAD 2 billion credit facility; and the USD 3 billion financing of the merger between Burger King and Tim Hortons.
- Represented SK Telecom (NYSE: SKM) in its USD 200 million investment, via convertible preferred shares, in Penguin Solutions (Nasdaq: PENG), a leading designer and developer of high-performance, high-availability enterprise solutions.
- Represented Acuity (NYSE: AYI), a market-leading industrial technology company, on its USD 600 million delayed draw term loan facility.
- Advised Oaktree Capital Management on its corporate revolving credit facility and over USD 1 billion in private notes offerings.
- Represented Edison International (NYSE: EIX) and its subsidiary Southern California Edison in connection with over USD 4.8 billion in revolving credit facilities; USD 625 million in bilateral letter of credit facilities; various term loan facilities, including a USD 1.2 billion green loan facility; and the issuance of a novel form of trust preferred securities.
- Advised Nexus Capital Management in secured acquisition revolving credit and term loan financings of portfolio companies in a variety of industries, including beauty, food and pet care.
- Represented a global leader in the foodservice supply business in accounts receivable financing matters.
- Advised a smart glass manufacturing company in connection with a USD 1.1 billion investment from a private equity investor.
* includes matters prior to joining Baker & McKenzie
Professional Associations and Memberships
- Co-chair, California Lawyers Association – Business Section Opinions Committee
- Board Member, Working Group on Legal Opinions Foundation
Admissions
- California
- New York
- Texas
Education
- Yale Law School (J.D.)
- University of Michigan (B.S.)
- Kalamazoo College (B.A.)