S$1.7 billion term and revolving loan facilities to Orchard Turn Retail Investment Pte. Ltd.
Allen & Gledhill, as transaction counsel, advised Bank of China Limited, Singapore Branch (“BOC”), CIMB Bank Berhad, Singapore Branch (“CIMB”), DBS Bank Ltd. (“DBS”), Oversea-Chinese Banking Corporation Limited (“OCBC”), RHB Bank Berhad (“RHB”), Sumitomo Mitsui Banking Corporation Singapore Branch (“SMBC”) and United Overseas Bank Limited (“UOB”) on the S$1.7 billion term and revolving loan facilities (“Facilities”) to Orchard Turn Retail Pte. Ltd. (sponsored by CapitaLand and Sun Hung Kai Properties).
The Facilities will be used to refinance borrowings previously obtained for the acquisition and development of ION Orchard.
Advising BOC, CIMB, DBS, OCBC, RHB, SMBC and UOB were Allen & Gledhill Partners Lim Wei Ting and Ernest Teo.