07 Jun 2017

Pacific Radiance Ltd. - S$70 million loan under the IFS Scheme run by IE Singapore

Partners Chua Choon King, Lim Chen Chen, Lee Hock Chye, Por Chuei Ying and Associate Sheila Ng acted for United Overseas Bank and DBS Bank on the S$70 million (US$50.4m) loan granted to a subsidiary of Singapore-listed Pacific Radiance, a provider of integrated offshore marine support services. The loan was approved under the Internationalisation Finance Scheme by International Enterprise Singapore, and is part of government-backed efforts to provide support for the beleaguered offshore and oil and gas sector.