€1.04 billion term loan facilities to SATS Treasury Pte. Ltd.
Allen & Gledhill, as transaction counsel, advised DBS Bank Ltd. (“DBS”), BNP Paribas (“BNP”), Oversea-Chinese Banking Corporation Limited (“OCBC”), United Overseas Bank Limited (“UOB”), The Hongkong and Shanghai Banking Corporation Limited, Singapore Branch (“HSBC”), and MUFG Bank, Ltd., Singapore Branch (“MUFG”) on the €300 million term loan facilities (“€300M Facility”) and €740 million term loan facilities (“€740M Facility”, and together with the €300M Facility, the “Facilities”) to SATS Treasury Pte. Ltd..
DBS, BNP, OCBC and UOB were appointed mandated lead arrangers of the €300M Facility.
DBS, HSBC, MUFG and OCBC were appointed mandated lead arrangers of the €740M Facility.
The Facilities will be used to fund Promontoria Holding 264 B.V. (a wholly-owned subsidiary of SATS Ltd.) in its redemption and purchase of certain fixed and floating rate notes.
Advising the mandated lead arrangers for both the €300M Facility and €740M Facility was Allen & Gledhill Partner Lim Wei Ting.
