16 Mar 2018

Financing of fibre-optic submarine cable system

Partners Angela Lim and Tan Shu Fern acted for The Bank of Tokyo-Mitsubishi UFJ, Ltd. and NEC Capital Solutions Limited (as arrangers for the financing) in the financing for the project to develop, construct, complete, own, operate and maintain a state of the art, high capacity fibre-optic submarine cable system connecting Japan, Guam and Australia, by way of syndicated senior, mezzanine and junior loan financing and equity contributions by sponsors and other individual and corporate investors into a Singapore incorporated SPV. The deal value is US$135 million.