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Transactions
10/19/2009 1:35:09 AM EST
HKD3.1 billion transferable term loan and revolving credit facility for Fortune REIT
Allen & Overy has acted for Standard Chartered Bank Limited and DBS Bank, as the Mandated Co-ordinating Arrangers on the HKD 3.1 billion transferable term loan and revolving credit facility for Fortune Real Estate Investment Trust.
Posted by Transactions

Allen & Overy today said it has acted for Standard Chartered Bank Limited and DBS Bank Ltd., as the Mandated Co-ordinating Arrangers on the HKD 3.1 billion transferable term loan and revolving credit facility for Fortune Real Estate Investment Trust (the Fortune REIT). The multi-tranche term loan facility was utilised to partially finance the acquisition of three retail properties in Hong Kong and will be further utilised in 2010 to refinance the existing debt of the Fortune REIT. The revolving credit facility will finance the general corporate purposes of the Fortune REIT.

The Allen & Overy team was led by partners Vicki Liu and Simon Reid-Kay in Hong Kong.


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