Cindy Riswantyo

Cindy's experience includes advising:

Debt Finance, Financial Restructuring & Insolvency

Acquisition Financing of Sidrap
Representation of Bank Negara Indonesia ("BNI") in the financing for the acquisition of PT UPC Sidrap Bayu Energy by PT Barito Wind Energy (part of PT Barito Renewables Energy Tbk).

Acquisition Financing of Indonet
Representation of the lenders in the acquisition financing to Digital Edge (HK) SPVI Limited for the purposes of acquisition of shares in PT Indointernet Tbk.

Financing for hotel properties
Representing international private credits in a financing for hotel properties in Jakarta.

Financing for real estate companies
Representing private equity funds in a financing for Central Park Jakarta, a property owned by one of the largest Indonesian property conglomerates. The financing involved three offshore private funds.*

Acquisition Financing of 3 logistics facilities
Representing a syndicate of lenders in an acquisition financing for three logistics warehouses by an international private equity.

Financing for the acquisition of toll road assets in Indonesia
Representing PT Bank Mandiri (Persero) Tbk in the financing to Hong Kong-listed Road King Infrastructure for the acquisition of several toll road assets in Indonesia.*

Debt restructuring for ABM Investama Subsidiary
Representing a syndication of lenders in the restructuring of PT Sumberdaya Sewatama (a subsidiary of ABM investama). The restructuring involves multiple types of debt, such as conventional bank financing and bonds and Islamic financing and bonds. The deal won Indonesian Deal of the Year 2017 by Islamic Finance News.*

Project Development and Finance

Source-to-tap Water PPP
Representation of a multilateral development bank in the regulatory and bankability assessment for a pilot source-to-tap water project.

Sub-concession for Patimban Port PPP
Representation of the project company in the granting of sub-concession for a container terminal in Patimban Port.

Acquisition of Toll Road
Representation of the an international fund in a bid for Trans-Sumatera toll roads.

FEED for Ande-Ande Lumut Oil Field
Representation of the project company in the FEED contract preparation for Ande-Ande Lumut oil field.

Refinancing of a hydroelectric power plant in Indonesia
Representation of Korea Midland Power Co., Ltd. (KOMIPO), Sprott Korea Investment Corp., Posco Eco & Challenge and PT Wampu Electric Power for the refinancing of a 45 MW run-of-the-river hydroelectric power plant on the Wampu River in Indonesia.

Project financing for alumina smelter development
Representation of the project company in a project financing for an alumina smelter, with an annual production capacity of more than 1,000,000 tons alumina, located in Kalimantan, Indonesia.

Project financing for a coal mine
Representation of Bank Negara Indonesia ("BNI") in a project financing for coal mine and supporting infrastructure.

Project financing for HPAL smelter development
Representing a syndication of offshore banks in the greenfield project financing for the development of HPAL smelter facilities in Sulawesi, Indonesia.

Disposal of ENGIE's three geothermal assets in Indonesia
Representing ENGIE in the disposal of three geothermal assets in Indonesia, namely Muara Laboh, Rantau Dedap and Rajabasa, to Sumitomo, Inpex and Marubeni.*

A North American pension fund's first investment into Indonesia
Representing a North American pension fund in the bid for acquisition of toll road project in Indonesia and in the joint venture for the development of a Port terminal in Indonesia.*

Strategic partnership of Pelindo with Indonesia Investment Authority (INA) and DP World
Representing the subsidiary of Pelindo (the 8th largest port operator in the world) in the joint venture and the development of Belawan port in North Sumatera, Indonesia. The consortium of INA and DP World acted the JV partner and the project operator.*

Project financing for wind power project
Representing Equis Energy in the project financing for 72 MW Tolo Wind Power project. The financing was provided by Asian Development Bank (ADB) including from ADB-managed funds, Leading Asia's Private Infrastructure Fund (LEAP) dan Canadian Climate Fund for the Private Sector in Asia II (CFPS II).*

Project financing for solar power project
Representing Vena Energy in the project financing for 3 Lombok (totalling 21 MW) and Likupang (21 MW) solar power projects. The financing was provided by Asian Development Bank (ADB) including from ADB-managed funds, Leading Asia's Private Infrastructure Fund (LEAP) dan Canadian Climate Fund for the Private Sector in Asia II (CFPS II).*

Project financing for LNG project
Representing PT Donggi-Senoro LNG (comprising the Sponsors, Mitsubishi, Korea Gas Corporation, Pertamina and PT Medco Energy) on the financing of the development of the Donggi-Senoro LNG project in Central Sulawesi, Indonesia.*

Project financing for hydro power project
Representing JBIC as ECA and lender, and the commercial lenders on the US$100 million financing for a project company set up by Kansai Electric Power Co and PT Indonesia Power for the development and construction of the 47 MW Rajamandala hydroelectric IPP project in West Java, Indonesia.*

*Experience prior to joining WCA.