S$675 million loan facilities to Perennial Treasury Pte. Ltd.

A&G News 22 June 2020

Allen & Gledhill advised DBS Bank Ltd. and United Overseas Bank Limited (the “Lenders”), as transaction counsel, on various term loan facilities aggregating S$675 million to Perennial Treasury Pte. Ltd. (the “Borrower”) and guaranteed by Perennial Real Estate Holdings Limited (the “Guarantor”).

The facilities will be used to finance, among other purposes, the redemption of bonds issued by the Borrower and the Guarantor.

Advising the Lenders was Allen & Gledhill Partner Lim Wei Ting.