Firm Helps Grab Raise $2B in First Term Loan

February 2, 2021 – Hughes Hubbard served as legal advisor to Grab, Southeast Asia’s largest mobile technology company, in the successful close of its first senior secured term loan facility.

Grab announced on Feb. 1 that it raised $2 billion in the largest term loan B facility in Asia’s technology sector. The five-year facility was upsized from the original principal amount of $750 million after Grab received strong interest from international institutional investors.

Steve Greene and M. Shams Billah led the HHR team, which also included Nathalie Rey and Arthur Souza-Rodrigues. Also assisting on the transaction were Ken Lefkowitz, Laura Perkins, Alan Kravitz, Gerold Niggemann, Erin DeCecchis, Ashley Hamilton and Justin Cohen.