S$461.5 million term loan facility to 77R Investments Pte. Ltd.
A&G News 15 April 2019
DBS Bank Ltd. and United Overseas Bank Limited (the “Lenders”) had made available a term loan facility to 77R Investments Pte. Ltd. (the “Borrower”) in an aggregate amount of S$461.5 million (the “Facility”) in connection with Gaw Capital’s acquisition of the Borrower’s holding company. United Overseas Bank Limited acts as facility agent.
The Facility was secured by, among others, a mortgage over the property known as “Robinson 77” at 77 Robinson Road, Singapore 068896.
Advising the Lenders was Allen & Gledhill Partner Kok Chee Wai.