S$406.38 million sustainability-linked syndicated term loan to StorHub Holding Pte. Ltd.
Allen & Gledhill, as transaction counsel, advised StorHub Holding Pte. Ltd. (“StorHub”) on the S$406.38 million sustainability-linked syndicated term loan facility (“Facility”) granted by RHB Bank Berhad Singapore Branch, E.SUN Commercial Bank, Ltd. Singapore Branch, Sumitomo Mitsui Banking Corporation Singapore Branch, CIMB Bank Berhad Singapore Branch, Citibank N.A. Singapore Branch, Taishin International Bank Co., Ltd. Singapore Branch, United Overseas Bank Limited, The Hongkong and Shanghai Banking Corporation Limited Singapore Branch, CTBC Bank Co., Ltd. Singapore Branch, and Standard Chartered Bank (Singapore) Limited.
The Facility will be used to refinance StorHub’s existing financial indebtedness, repayment of any shareholder loan owing to its parent company, as well as capital expenditure requirements and asset enhancement initiatives in relation to its self-storage facilities, among other purposes.
Advising StorHub were Allen & Gledhill Partners Kok Chee Wai, Ernest Teo, and Elsa Chen (Chief Economist).
