Allen & Overy has helped Chinese smartphone maker Xiaomi secure a $1 billion loan from 29 banks, which were represented by Linklaters.

Privately owned Xiaomi, which sells more smartphones than Samsung Electronics Co and Apple Inc in China, secured the three-year loan to help boost its international expansion.

The loan will be split into a $500 million term loan and a $500 million revolving credit facility.

The lending syndicate comprises a variety of banks from China, Europe, North America and Latin America, including Deutsche Bank AG, J.P Morgan Chase & Co, Morgan Stanley, Credit Suisse, Goldman Sachs, Brazil’s Banco do Brasil, and Japan’s Bank of Tokyo-Mitsubishi UFJ.

The Allen & Overy team that advised Xiaomi was led by Hong Kong managing partner Vicki Liu and Beijing partner Yvonne Ho.

Linklaters represented the lending syndicate, while Walkers provided advice on Cayman Islands law.