S$400 million term and revolving credit facilities to DBS Trustee Limited (in its capacity as trustee of OUE Commercial Real Estate Investment Trust)
Allen & Gledhill advised Oversea-Chinese Banking Corporation Limited (“OCBC”) and Standard Chartered Bank, Singapore (“SCB”), as transaction counsel, on the S$400 million term and revolving credit facilities to DBS Trustee Limited, in its capacity as trustee of OUE Commercial Real Estate Investment Trust.
OCBC and SCB were appointed mandated lead arrangers.
The proceeds of the facilities were to be applied towards, inter alia, part financing the purchase price of the acquisition of the office component of OUE Downtown, Singapore.
Advising OCBC and SCB was Allen & Gledhill Partner Lim Wei Ting.
