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.
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