Banking & Finance

Hendra Soenardi has handled many large and complex debt finance, refinane, securitization, structured finance and derivatives transactions. We have broad experience representing borrowers, sponsors, collateral providers, lenders, agents and financial advisors in their various capacities across financing transactions.

REPRESENTATIVE TRANSACTIONS

• Counsel to PT Pengembangan Pariwisata Indonesia (Persero) / Indonesia Tourism Development Corporation (ITDC) as the borrower in respect of a USD 248 million facility issued by the Asian Infrastructure Investment Bank (AIIB), guaranteed by the Government of Indonesia for the purpose of the development of new tourism infrastructure in the Mandalika region of Lombok, Indonesia.
• Counsel to PT Adaro Power as a sponsor in the financing of a USD4.2 billion Central Java power project.
• Together with Milbank, Hendra Soenardi represented PT Tanjung Power Indonesia as the borrower in respect of a USD545 million South Kalimantan power project, and its subsequent refinancing.
• Together with Milbank, Hendra Soenardi represented PT Adaro Indonesia as the borrower and PT Adaro Energy Tbk as the guarantor in a USD1 billion facility issued by a group of international lenders.
• Together with Milbank, Hendra Soenardi represented PT Saptaindra Sejati as the borrower in a USD200 million facility issued by a group of international lenders, and its subsequent refinancing, totalling USD1 billion.
• Counsel to PT Tri Wahana Universal as the borrower in respsect of a USD150 million facility issued by Standard Chartered Bank and Hongkong and Shanghai Banking Corporation which were represented by Stamford and Hadiputranto, Hadinoto & Partners.
• Together with Milbank, Hendra Soenardi represented PT Maritim Barito Perkasa as the borrower in respect of a USD120 million facility issued by a group of international lenders.
• Together with Milbank, Hendra Soenardi represented PT Trinugraha Thohir as the borrower in respect of a USD110 million facility issued by Standard Chartered Bank.
• Together with Allen & Overy, Hendra Soenardi represented Citibank, DEG (German Investment & Development Company) and FMO (Netherlands Development Finance Company) as the lenders in respect of a USD65m facility issued in favour of an Indonesian borrower.
• Together with Rajah & Tann (Singapore), represented the Singapore-branch of an International bank in a USD75 million term loan facility provided to an Indonesian plantation company.
• Counsel to PT Nusa Persada Indonesia as the borrower and PT Agro Maju Raya as the guarantor in respect of a USD50m facility issued by Standard Chartered Bank, which was represented by Linklaters and Ali Budiardjo, Nugroho & Reksodiputro.
• Counsel to one of the largest Japanese joint venture consumer finance companies in Indonesia in the sale of part of its financial assets for USD100 million to a purchaser which was represented by Clifford Chance and Mochtar, Karuwin & Komar.
• Counsel to a foreign private equity firm as the lender in a restructuring of USD 60 million of financial obligations owed by an Indonesian mining company.