S$495 million term and revolving credit facilities for Phoenix Dunearn Pte. Ltd.
Allen & Gledhill, as transaction counsel, advised Phoenix Dunearn Pte. Ltd., a joint venture sponsored by Frasers Property Limited, Sekisui House, Ltd., and CSC Land Group (Singapore) Pte. Ltd., on the S$495 million term and revolving credit facilities (“Facilities”) from United Overseas Bank Limited, Industrial and Commercial Bank of China Limited, Singapore Branch, and Bank of China Limited, Singapore Branch.
The Facilities are aligned with the Green Loan Principles and will be used to finance the acquisition and development of a residential project at Dunearn Road.
Advising Phoenix Dunearn Pte. Ltd. was Allen & Gledhill Partner Lim Wei Ting.
