GADIS DEWI A. SARI

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Gadis Dewi A. Sari

Counsel
gdsari@hermawanjuniarto.com

Gadis has been involved in infrastructure and banking and finance works. She has advised wide range of clients from governmental authority, state-owned enterprises to private entities including international financial institutions and banks. From her early years with the firm, she focuses herself in working on infrastructure projects and regulatory works, where she gained her legal knowledge and understanding in Indonesia’s legal framework and business climate. Currently, she specializes in general banking and has experience acting for both lenders and borrower on many finance transaction including, corporate lending, restructuring and project finance. She is also familiar with equity and mezzanine financing works.

Some notable clients which she has advised include PT Sarana Multi Infrastruktur (Persero), PT Indonesia Infrastructure Finance, International Finance Corporation, OCBC Group and  Standard Chartered Bank Group.

 
Representative Experiences:
 
  • PT Sarana Multi Infrastruktur Indonesia (Persero) (“SMI”) on the channeling of Asian Development Bank and World Bank’s loans worth approximately USD200 million to PT Indonesia Infrastructure Finance (“IIF”);
  • a syndicate of lenders and Islamic participants on USD200 million conventional and Islamic facilities to PT Garuda Indonesia (Persero) Tbk;
  • a major international bank (and syndicate of lenders) in relation to a USD100 million facility for the development of an office building in central Jakarta;
  • a syndicate of lending banks on the USD200 million onshore and offshore financing to subsidiaries of a Hong Kong listed company for the development of a premium grade office building in Indonesia;
  • PT IIF on the USD12.5 million equity investment in an Indonesian power company;
  • International Finance Corporation (“IFC”) on a proposed equity financing a water supply project company and a syndicate of senior lenders on a proposed project financing in the amount of approximately of IDR751 billion to finance a bulk water supply project in the city of Tangerang;
  • PT SMI on a revolving facility for mini-hydro power plant project in Lubuk Gadang, West Sumatera;
  • PT Angkasa Pura I in obtaining external loan with the amount of approximately IDR4.4 trillion;
  • PT IIF on USD35 million working capital and senior term loan facilities financing for PT Garuda Maintenance Facility Aero-Asia;
  • as special Indonesian counsel for a syndicate of lenders on a proposed USD250 million Facility Agreement with respect to the supply agreement of agricultural products;
  • a borrower (Indonesian) in relation to proposed USD175 million facility agreement from China Development Bank, for plantation business;
  • as Indonesian counsel for a syndicate of lenders on proposed USD650 million syndicated term loan facility for PT Perusahaan Gas Negara (Persero) Tbk;
  • IFC on USD40 million loan facility to a listed Indonesian consumer goods company;
  • PT SMI on the establishment of PT IIF, the first infrastructure financing company in Indonesian with initial committed capitalization of USD140 million;
  • PT SMI and PT IIF on the sale of 14.9% stake (new shares) in PT IIF to Sumitomo Mitsui Banking Corporation;
  • a major international bank on the USD58 million revolving facility to PT AIA Financial;
  • PT Bank ANZ Indonesia on USD50 million facility agreement for financing to an Indonesian gold mining company;
  • PT Mass Rapid Transit Jakarta  ("MRTJ") on the channelling of loan from Japan International Cooperation Agency (JICA) to DKI Jakarta (on-granting) for the construction of Jakarta MRT project;
  • a mining, infrastructure and trading firm in connection with potential secured financing by ICICI Bank Limited for Indonesian coal mine infrastructure;
  • Wilmington Trust (Security Agent) in reviewing Indonesian security documents (share pledge of Indonesian companies) in relation to USD375 million senior secured notes;
  • Standard Chartered Bank on Indonesian regulatory advice relating to cash netting and domestic notional pooling product;
  • Alstom Holding on Indonesian banking regulatory review relating to a treasury management services;
  • a sharia-based multilateral agency and a large Indonesian non-bank financial institution on the proposed establishment of a sharia-compliant investment company;
  • CCC Machinery GMBH on Indonesian regulatory advice relating to vendor financing structure;
  • a major international bank in relation to replacement of Notes Trustee, Paying Agent, Transfer Agent, Registrar and Security Agent in relation to Trust Deed constituting USD70 million for 14 percent. Guaranteed Senior Secured notes due 2011;
  • a foreign owned liquefied natural gas (“LNG”) company in relation to proposed financing of an LNG facility from a state-owned bank, in Sulawesi;
  • General Electric Capital on Indonesian regulatory advice relating its factoring program;
  • a major international bank in relation to a USD33 million facility for refinancing its existing bank loans, financing its capital expenditure and working capital, and general corporate purposes;
  • a sponsor on a multi-source USD2.8 billion project financing for a new LNG Project in Indonesia;
  • PT IIF on a senior term loan facility for construction of mini-hydro power plant project in Solok, West Sumatera; and
  • PT SMI on the refinancing of a procurement of floating storage and offloading facility.
 
Publications:
 
  • January 2016 “Mandatory use of Rupiah requirement for domestic transactions – Holding out in the blustery wind” (International Financial Law Review – IFLR)
 
Education:

S.H. (2010) Padjadjaran University, Bandung, Indonesia
 
Practice Areas:

Banking and Finance
Project and Asset Finance