S$418 million term and revolving loan facilities to United Venture Development (2022) Pte. Ltd.
Allen & Gledhill, as transaction counsel, advised DBS Bank Ltd. (“DBS”) and Industrial and Commercial Bank of China Limited, Singapore branch (“ICBC Singapore”), as green loan coordinators and lenders, on the S$418 million term and revolving loan facilities (“Facilities”) to United Venture Development (2022) Pte. Ltd., which is sponsored by 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 Dorset Road.
Advising DBS and ICBC Singapore was Allen & Gledhill Partner Lim Wei Ting.
