Singapore
International law firm Sidley Austin LLP recently represented Indonesian telecom company PT Indosat Tbk in obtaining US$228.5 million in financing to construct and launch a new satellite, the Palapa-D. The satellite is under construction by Thales Alenia France and will be launched into orbit by a Chinese launch vehicle manufactured by Beijing Talentway Technology Corporation. The financing was arranged by The Hongkong and Shanghai Banking Corporation Limited and is being made available through two 12-year export credit facilities and a third nine-year commercial credit facility. Negotiation of the financing involved coordination with export credit agencies and suppliers in France and China.
The Sidley team was led by the managing partner of the firm's Singapore office, Edward D. (Tod) Eddy. PT Indosat is the second-largest telecom company in Indonesia. Fellow Sidley partner, Matthew Sheridan, who is based in the firm's Hong Kong office, has represented Indosat on several corporate finance transactions over the past 14 years.
Mr. Eddy commented, "We are very pleased to have represented PT Indosat on this transaction. It underlines our prime focus at Sidley, which is client service. Our services are distinguished by our ability to provide clients with seamless access to the wide array of skills and experience found among our lawyers throughout the firm, no matter where we are located."
Sidley Austin LLP is one of the world's largest full-service law firms, with more than 1800 lawyers practicing in 16 U.S. and international cities including Beijing, Brussels, Frankfurt, Geneva, Hong Kong, London, Shanghai, Singapore, Sydney and Tokyo. Sidley is consistently ranked at the top of the Thomson Financial league tables. For 2006, the firm was ranked as:
-- top issuer's counsel and third as underwriter's counsel for U.S. debt, equity and equity-related offerings;
-- top issuer's counsel and top underwriter's counsel for U.S. investment grade debt; and
-- top issuer's counsel and third underwriter's counsel for U.S. straight debt, including asset-backed and mortgage backed securities.
In Asia, lawyers in the corporate finance team advise clients on U.S., Hong Kong and English law in connection with all types of equity, debt and equity-linked transactions, including SEC-registered offerings in the United States, international securities offerings pursuant to Rule 144A and Regulation S governed by U.S. and English law, The Stock Exchange of Hong Kong Main Board and Growth Enterprise Market (GEM) listings and issuances involving the creation of ADR or GDR programs.
Every year since 2003, Sidley has been named to Legal Business' Global Elite, their designation for "the 15 finest law firms in the world."
For purposes of the New York State Bar rules, this press release may be considered Attorney Advertising and the headquarters of the firm are Sidley Austin LLP 787 Seventh Avenue, New York, NY 10019, 212.839.5300 and Sidley Austin LLP One South Dearborn, Chicago, IL 60603, 312.853.7000. Prior results described herein do not guarantee a similar outcome.
Source: Business Wire (Business Wire India)