S$643 million term, revolving and bank guarantee facilities to Nxera DCT Pte. Ltd.
Allen & Gledhill, as transaction counsel, advised Nxera DCT Pte. Ltd. (“Nxera DCT”) and Singapore Telecommunications Limited (“Singtel”) as the sponsor of Nxera DCT, on the S$643 million term, revolving and bank guarantee facilities (“Facilities”) arranged by DBS Bank Ltd., Oversea-Chinese Banking Corporation Limited, Standard Chartered Bank (Singapore) Limited, United Overseas Bank Limited, and The Hongkong and Shanghai Banking Corporation Limited, Singapore Branch.
The Facilities are aligned with the green loan principles and will be used to finance the development of a new 58-megawatt data centre in Singapore DC Tuas.
Advising Nxera DCT and Singtel were Allen & Gledhill Partners Lim Wei Ting, Andy Chee, and Lim Mei Ann.