S$680 million term and revolving loan facilities to Holly Development Pte. Ltd.
Allen & Gledhill, as transaction counsel, advised DBS Bank Ltd. (“DBS”) and United Overseas Bank Limited (“UOB”), as green loan coordinators and lenders, on the S$680 million term and revolving loan facilities (“Facilities”) to Holly Development Pte. Ltd. (sponsored by CapitaLand Development Pte. Ltd., UOL Group Limited, Singapore Land Group Limited, and Kheng Leong Company (Private) Limited).
The Facilities are aligned with the Green Loan Principles and will be used to finance the acquisition and development of a residential project at Holland Drive.
Advising DBS and UOB were Allen & Gledhill Partners Lim Wei Ting and Ernest Teo.
