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 By Toby Geoghegan

Baker & McKenzie has advised Regal REIT’s trustee, DB Trustees (Hong Kong) Ltd, on the REIT’s HK$4.5 billion ($580 million) term loan and HK$300 million revolving loan.

Hong Kong-based partners Milton Cheng and Andrew Lockhart led the Baker & McKenzie team on the transaction, while Mayer Brown JSM acted for the financiers.

Both loans have been negotiated for a term of approximately five years. Regal REIT will use the new term loan for refinancing the existing term loan facility that will mature on Mar. 9, 2015. The revolving loan will be used for general corporate purposes.

Baker & McKenzie has advised several REITs on their transactions in Hong Kong, including Champion REIT’s IPO, follow-on acquisitions, medium-term note programme, placements and convertible bonds issuances, and Yuexiu REIT’s IPO and follow-on acquisitions and financings.

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