S$529.7 million green loan facilities to SPRINT Plot 1 TM Pte. Ltd.
Allen & Gledhill, as transaction counsel, advised DBS Bank Ltd. (“DBS”), Oversea-Chinese Banking Corporation Limited (“OCBC”) and United Overseas Bank Limited (“UOB”) on the S$529.7 million term and revolving green loan facilities to SPRINT Plot 1 TM Pte. Ltd. (in its capacity as trustee-manager of the SPRINT Plot 1 Trust).
The SPRINT Plot 1 Trust is a joint venture between CapitaLand Group Pte. Ltd. and Ascendas Real Estate Investment Trust. The proceeds of the facilities were used to, among others, partially finance the land and development cost of a business park development in Singapore.
Advising DBS, OCBC and UOB was Allen & Gledhill Partner Kok Chee Wai.
