Norton Rose Fulbright advises on S$800 million syndicated facility for South East Asia’s leading ride-hailing company Grab Inc.

Global law firm Norton Rose Fulbright has advised The Hongkong and Shanghai Banking Corporation (HSBC) and the lenders on an English law governed S$500 million senior secured term loan syndicated facility for Southeast Asia’s leading ride-hailing company Grab Inc.

The financing is scalable with a potential upsize to S$800 million. The deal was oversubscribed, with a total of 16 bank and non-bank financial institutions participating.

HSBC was structuring advisor, mandated lead arranger, and bookrunner on the deal.

The Norton Rose Fulbright team of the deal consisted of head of Singapore Yu-En Ong, Singapore Partner Colin Rice, Of Counsel Janelene Chen and associate Zhenning Kong.

Yu-En commented:

“This is a landmark transaction for the ride-hailing industry using structured finance options and solutions for a non-conventional business. The overwhelming response from financial institutions on the deal demonstrates a continuing appetite not just for Grab, but also the technology, e-payments and on-demand transport sectors.”

For further information please contact:

Jessica Seah, Marketing and Communications Manager, Asia. Norton Rose Fulbright 
Tel: +852 3405 2327
jessica.seah@nortonrosefulbright.com

Notes for editors:

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