Bank of Communications contributes to SGD 375 million multi-tranche syndicated lending facility to Cache Logistics Trust for debt refinancing and general corporate purposes (linked to Record ID#103643)

Project narrative

On September 25, 2012, a syndicate of 19 banks -- including Bank of China and Bank of Communications -- agreed to terms on a SGD 375 million multi-tranche syndicated lending facility with Cache Logistics Trust, a Singaporean real estate trust with a portfolio centered around logistics warehouses. Proceeds from the facility will be used for debt refinancing and general corporate purposes. The facility consists of three tranches: a SGD 188 million three-year term loan, a SGD 125 million four-year term loan, and a SGD 62 million three-year revolving credit facility. It is unclear whether each lender contributed to each of the three tranches. Other lending details are unknown. A total of 19 banks joined the lending syndicate. DBS and Standard Chartered Bank served as bookrunners. ANZ, Bank of East Asia, CIMB Bank, Commonwealth Bank of Australia, Credit Agricole, Hong Leong Finance, and United Overseas Bank joined the facility during syndication as mandated lead arrangers. Bank of China and State Bank of India served as lead arrangers. Bank Mandiri, Bank of Communications, Bank of Taiwan, Chang Hwa Commercial Bank, Chinatrust Commercial Bank, First Commercial Bank, Hua Nan Commercial Bank, and Mega International Commercial Bank. Bank of China's contribution is captured via Record ID#103643. Bank of Communication's contribution is captured via Record ID#103644.