Global law firm K&L Gates has advised PT Tower Bersama Infrastructure TBK (TBIG) in connection with a US$1.3 billion financing to assist in the refinancing of the group’s existing debt program. The facilities include a US$1 billion syndicated credit agreement involving a term loan facility and two revolving credit facilities. It also consists of a separate US$300 million syndicated revolving credit agreement, each with a syndicate of international banks, on an unsecured basis.
Perth special counsel Chris Scott led the K&L Gates team advising TBIG. Scott stated: “This is an important project for our client, one that will provide funding for them to grow organically and through acquisitions within the telecommunications industry.”
TBIG is an Indonesian company listed on the Indonesian Stock Exchange. Through its subsidiaries, TBIG constructs, owns, and operates telecommunications towers across Indonesia and leases space to the major mobile telephone service operators. Scott has worked with TBIG for many years, advising them on a number of award-winning finance and corporate transactions.
Source: www.klgates.com
