S$900 million term and revolving credit facilities to DBS Trustee Limited (in its capacity as trustee of OUE Commercial Real Estate Investment Trust) and RBC Investor Services Trust Singapore Limited (in its capacity as trustee of OUE Hospitality Sub-Trust)

A&G News 11 January 2021

Allen & Gledhill advised DBS Bank Ltd. (“DBS”) and Oversea-Chinese Banking Corporation Limited (“OCBC”), as transaction counsel, on the S$900 million term and revolving credit facilities (“Facilities”) to DBS Trustee Limited (“DBS Trustee”) (in its capacity as trustee of OUE Commercial Real Estate Investment Trust) and RBC Investor Services Trust Singapore Limited (“RBC”) (in its capacity as trustee of OUE Hospitality Sub-Trust).

The Facilities will be used to refinance the existing borrowings and to finance the working capital requirements of DBS Trustee (in its capacity as trustee of OUE Commercial Real Estate Investment Trust) and RBC (in its capacity as trustee of OUE Hospitality Sub-Trust).

Advising DBS and OCBC was Allen & Gledhill Partner Lim Wei Ting.