S$250 million syndicated term loan facilities to TP Utilities Pte. Ltd.
Allen & Gledhill, as transaction counsel, advised Qatar National Bank (Q.P.S.C.), Singapore Branch (“QNB Singapore”) and China CITIC Bank International Limited, Singapore Branch (“CNCBI Singapore”) on the S$250 million syndicated term loan facilities (“Facilities”) to TP Utilities Pte. Ltd. (“TP Utilities”).
The Facilities will be used to finance the general corporate funding purposes of TP Utilities.
TP Utilities is a subsidiary of Tuas Power Ltd., a power generation company in Singapore. It manages all businesses related to the Tembusu Multi-Utilities Complex situated in Jurong Island, which provides an integrated suite of multi-utility services to industries on Jurong Island.
Advising QNB Singapore and CNCBI Singapore was Allen & Gledhill Partner Aloysius Ng.