Banking & Finance

  • Advising PT Media Nusantara Citra Tbk on the refinancing of its USD250 million capex and working capital facility arranged by Deutsche Bank, ING Bank and Standard Chartered Bank.
  • Representing the lender group in a USD235 million mezzanine facility arranged for Rajawali group to finance its acquisition of certain palm oil assets in Indonesia. The overall acquisition financing included a USD325 million senior facility agreement and structured with a combination of partial security sharing arrangements and standalone credit support.
  • Advising Credit Suisse and Macquarie Bank as joint arrangers of an up to USD250 million leveraged financing provided to the Canadoil group of companies in Thailand.
  • Advising Deutsche Bank as sole arranger of a USD120 million structured three-tier credit facility provided to a large Hong Kong listed and PRC based real estate conglomerate with outstanding debt (including public bond issuances) in excess of USD6 billion.
  • Advising Deutsche Bank in respect of a proposed rescue financing to be provided to a China-based solar power company listed on the Hong Kong Stock Exchange with combined onshore and offshore debts of over USD900 million.
  • Advising Capital Square Partners for its USD200 million senior and mezzanine acquisition financing facilities in respect of the leveraged buyout of the Aegis group of companies.

Debt Restructuring

  • Advising international bondholders of high yield bonds and convertible bonds issued by PT Berlian Laju Tanker group of companies.
  • Advising international noteholders in the restructuring of USD238 million senior secured notes guaranteed by PT Davomas Abadi Tbk.
  • Advising Tata Steel UK as creditor in relation to the USD1.4 billion default and Thai rehabilitation process of Sahaviriya Steel Industries PCL (SSI), the largest debt restructuring in Thailand since the 1997 Asian financial crisis.
  • Advising Deutsche Bank in respect of the comprehensive restructuring of the ASX-listed Paladin Energy group of companies, including the provision of USD60M structured rescue financing, formal Voluntary Administration and Australian court driven Deed of Company Arrangement (DOCA) process, acquisition of USD277 million secured debt claims, USD115 million new Notes offering and Canadian court driven compromise proceedings. (Restructuring and Insolvency Deal of the Year 2019 - Australasian Law Awards).