Norton Rose Fulbright advised Green Eagle Holdings Pte Ltd on a US$120 million syndicated term loan and revolving facility with, amongst others, ABN AMRO Bank N.V., Singapore Branch, as co-ordinating lender, bookrunning mandated lead arranger, facility agent and security agent.

Green Eagle Holdings Pte Ltd is an indirect subsidiary of a joint venture between Louis Dreyfus Commodities Asia Pte Ltd and Rajawali Group, and its group of companies is operating palm plantations and palm oil production facilities in Indonesia. The purpose of the loan was for, amongst other things, financing the purchase of palm oil products. The facilities were guaranteed by three Indonesian subsidiaries of Green Eagle Holdings Pte Ltd and were secured by Indonesian law governed fiducia security, pledge over bank accounts, mortgages over properties and pledge over shares.

The team was led by Singapore banking partners Nick Merritt and Yu-En Ong, assisted by associate Pamela Ng. Corporate partner Tasdikiah Siregar and senior associate Haryo Baskoro from Jakarta associate office Susandarini& Partners acted as the Indonesian counsel.

Rodyk& Davidson LLP acted as lead counsel and Darma Legal as Indonesian counsel for ABN AMRO Bank N.V., Singapore Branch and the lenders.