Bank of China contributes to SGD 250 million RCF tranche of SGD 700 million club lending facility to Starhill Global for working capital and debt refinancing (linked to Record ID#97618, #97619, #97620)

Project narrative

In April 2013, a group of 8 banks -- including Bank of China -- agreed to a multi-tranche club lending facility worth approximately SGD 700 million to Starhill Global REIT for debt refinancing and working capital purposes. The facility will allow Starhill Global to refinance existing debt that was scheduled to mature in the third and fourth quarters of 2013. The facility consists of four tranches: a JPY 7 billion 3-year term loan (captured via Record ID#97618), a SGD 100 million 3-year term loan (captured via Record ID#97619), a SGD 250 million 5-year term loan (captured via Record ID#97620), and an SGD 5-year 250 million revolving credit facility, of which SGD 100 million is available for working capital and SGD 50 million remains uncommitted (captured via Record ID#97621). Other lending details are unknown. Other members of the lending club include OCBC, DBS Bank, UOB, Commonwealth Bank of Australia, Australia and New Zealand Banking Group Limited, CIMB Bank Berhad, and Standard Chartered Bank.