Bukit Sembawang Estates Limited on Friday said the company and its units, Bukit Sembawang View Pte Ltd and Singapore United Estates (Pte) Ltd, have obtained 3-year syndicated credit facilities of up to S$700 million.
The facilities will be used to refund the group’s borrowings and general corporate and working capital needs.
OCBC and DBS Bank are the mandated lead arrangers and book runners.
The company added that Bukit Sembawang View has signed an 18-month bilateral facility for up to S$150 million with OCBC. This is to fund an ongoing development project.
Source : Business Times – 13 Nov 2009
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