US$500 million conventional loan and Islamic financing facilities to Yinson Production Offshore Pte Ltd
Allen & Gledhill, as transaction counsel, advised Natixis Corporate & Investment Banking (“Natixis”), AmInvestment Bank Berhad (“AmInvestment”) and AmBank Islamic Berhad, United Overseas Bank Limited (“UOB”), ING Bank N.V., Singapore Branch (“ING”), Affin Bank Berhad (“Affin”) and CIMB Islamic Bank Berhad (“CIMB”) and CIMB Investment Bank Berhad (collectively, “Lenders”), on the US$500 million conventional loan and Islamic financing facilities (“Facilities”) to Yinson Production Offshore Pte. Ltd (“Yinson”).
Natixis, AmInvestment, Affin, CIMB, ING and UOB were appointed coordinators, mandated lead arrangers, and bookrunners.
The proceeds of the Facilities will be used for refinancing certain existing debt and general corporate purposes. A portion of the Facilities are specifically designated for green initiatives in support of Yinson’s continuous efforts in innovating and introducing cutting-edge technologies to reduce emissions and being the frontrunner in decarbonising the FPSO industry towards the goal of net zero.
Advising the Lenders was Allen & Gledhill Partner Aloysius Ng.
