Yuexiu REIT’s HK$2.95 billion term loan facility agreement


Dechert advised HSBC Institutional Trust Services (Asia) Limited, in its capacity as the trustee to Yuexiu Real Estate Investment Trust (“Yuexiu REIT”).

Yuexiu REIT, through its subsidiary, entered into a HK$2.95 billion term loan facility agreement with DBS Bank Ltd., Industrial and Commercial Bank of China (Asia) Limited, Standard Chartered Bank (Hong Kong) Limited, The Hongkong and Shanghai Banking Corporation Limited, Hang Seng Bank Limited, OCBC Wing Hang Bank Limited as mandated lead arrangers and original lenders, and with DBS Bank Ltd., Hong Kong Branch as the agent for the finance parties (“Facility”). The Facility is for the purpose of refinancing existing facilities, payment of all fees, costs and expenses in relation to the Facility, and financing the general working capital of Yuexiu REIT and its subsidiaries. The Facility was entered into on April 28, 2017, with the first drawdown made in May 2017.

Hong Kong-based corporate partner Stephen Chan (Picture) led on each transaction detailed above, with assistance from corporate associates Denise Tsui, Nicole Wong and Jacqueline Foo.

Involved fees earner:

Law Firms:

Clients:

Avatar

Author: Michael Patrini