pdf

O’Melveny Represents PT Bhakti Investama Tbk in US$365 Million Senior Note Offering

June 11, 2013

Contact:

Julie Fei                                                                                  Priscilla Chen
O’Melveny & Myers LLP                                                          O’Melveny & Myers LLP
213.430.7792 (office)                                                            + 65 65931887
213.440.7792 (cell)
jfei@omm.com                                                                       pchen@omm.com

SINGAPORE─ JUNE 11, 2013─ O’Melveny & Myers LLP has represented Indonesian-listed investment company PT Bhakti Investama Tbk as guarantor in connection with its offering of US$365 million of 5.875% senior secured notes due 2018 through its wholly-owned Singapore subsidiary Ottawa Holdings Pte. Ltd.  Deutsche Bank acted as sole bookrunner and lead manager for the high yield note offering, which was sold to institutional investors in Asia, Europe, and the United States under Rule 144A and Regulation S. The notes are listed in Singapore on the SGX-ST.

O’Melveny’s Singapore-based capital markets team was led by partner Andrew Hutton.  Indonesia practice coordinating partner Joel Hogarth also advised on tax structuring, while partner Eric Sibbitt advised on US Investment Company Act matters and counsel Anita Choi advised on tax matters.

Bhakti Investama (IDX:BHIT) is a listed investment company in Indonesia with strategic holdings in operating companies in the media, financial services and energy and natural resources industries.  Bhakti’s core operational businesses cover content and advertising based media, subscriber based media, financial services and energy and natural resources.

About O’Melveny & Myers LLP

With approximately 800 lawyers in 16 offices worldwide, O’Melveny & Myers LLP helps industry leaders across a broad array of sectors manage the complex challenges of succeeding in the global economy. We are a values-driven law firm, guided by the principles of excellence, leadership, and citizenship. Our commitment to these values is reflected in our dedication to improving access to justice through pro bono work and championing initiatives that increase the diversity of the legal profession. For more information, please visit www.omm.com