Singapore banking and finance team advises on US$1.7bn syndicated loan

Global law firm Norton Rose Fulbright has advised on a US$1.7bn syndicated loan facility for Wii Pte. Ltd., a wholly subsidiary of Wilmar International Limited. Documentation was completed in June 2023. Due to strong interest from lenders during syndication, the loan size was increased to US$1.7bn from the original amount of US$1.2bn, after its initial syndication launch in April 2023. The facilities comprise a five-year revolving credit facility of US$702.5m and a five-year term loan facility of US$997.5m. 

The facility was lead arranged by Bank of China Limited, Singapore Branch, DBS Bank Ltd., The Hongkong and Shanghai Banking Corporation Limited Singapore Branch (“HSBC”), MUFG Bank Ltd., Oversea-Chinese Banking Corporation Limited, and United Overseas Bank Limited, each acting as an original mandated lead arranger and bookrunner. HSBC was also the Sole Coordinator, Facility and Documentation Agent.

The Singapore banking and finance team advising on the loan was led by Head of Singapore and partner Yu-En Ong who was supported by associates Gabriel Lim, Ian Lam and Nicole Chiu.