Manulife US REIT’s $250 Million Sustainability-Linked Loan Facility

Allen & Gledhill acted for Manulife US Real Estate Management Pte. Ltd., in its capacity as manager of Manulife US Real Estate Investment Trust and DBS Trustee Limited, in its capacity as trustee of Manulife US REIT, as transaction counsel, on the US$250 million unsecured five-year sustainability-linked loan facility from DBS Bank Ltd. and Oversea-Chinese Banking Corporation Limited.

The Facility will be used for general corporate and working capital purposes, including the refinancing of the existing loan facilities in connection with Manulife US REIT’s green buildings.

Manulife US REIT is a Singapore listed REIT established with the investment strategy principally to invest, directly or indirectly, in a portfolio of income-producing office real estate in key markets in the United States, as well as real estate-related assets.

The Allen & Gledhill team was led by Jerry Koh (Picture) and Jonathan Lee. 

Involved fees earner: Jerry Koh – Allen & Gledhill LLP; Jonathan Lee – Allen & Gledhill LLP;

Law Firms: Allen & Gledhill LLP;

Clients: Manulife Investment Management; Manulife US Real Estate Management Pte. Ltd.;

Sonia Carcano

Author: Sonia Carcano