US$257 million and S$350 million offshore facilities to Swift Astute Limited
A&G News 17 September 2018
Allen & Gledhill advised DBS Bank Ltd. (“DBS”) and Maybank Kim Eng Securities Pte. Ltd. (“Maybank KE Securities”) as transaction counsel on the US$257 million and S$350 million secured offshore term loan facilities (the “Facilities”) to Swift Astute Limited.
DBS and Maybank KE Securities were appointed arrangers of the Facilities. DBS, Malayan Banking Berhad, Singapore Branch, China Merchants Bank Co., Ltd, Singapore Branch, China Minsheng Banking Corp., Ltd. Shanghai Pilot Free Trade Zone Branch and Mega International Commercial Bank Co., Ltd. were appointed original offshore lenders of the Facilities.
The proceeds of the Facilities are to be applied towards financing up to 20 separate acquisitions in Hong Kong and the People’s Republic of China.
Advising DBS and Maybank KE Securities as to Singapore law were Allen & Gledhill Partners Lim Wei Ting and Goh Ping Ying.