DFDL has advised a consortium of lenders on local law requirements in Cambodia and Myanmar concerning Grab’s first senior secured term loan facility, based on commitments from international lenders.
Southeast Asian unicorn Grab decided to upsize its term loan facility to US$2 billion due to growing interest from new investors.
The facility is structured as a five-year term loan B with a principal of US$2 billion. The team was led by Ho Chi Minh City-based partner Martin Desautels and Yangon-based partners William Greenlee and Nishant Choudhary, with the support of advisers Tan Chuan How in Phnom Penh and Bhawna Bakshi in Singapore.
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