Tower Bersama Facility Said to Attract Bank of China, SMBC

PT Tower Bersama Infrastructure (TBIG)’s $325 million loan has attracted commitments in general syndication from PT Bank Danamon Indonesia, Bank of China Ltd. (3988) and Sumitomo Mitsui Banking Corp., according to two people familiar with the matter.

Tower Bersama is targeting to complete marketing of the loan today or May 14 and expects five to ten banks to join in syndication, Gavin Caudle, an adviser to the board of directors and a founder of the company, said in an e-mailed response to questions today.

Australia & New Zealand Banking Group Ltd., Bank of Tokyo-Mitsubishi UFJ Ltd., DBS Bank Ltd., Oversea-Chinese Banking Corp. and United Overseas Banking Ltd. were hired by the Jakarta-based provider of telecommunications infrastructure to help arrange the senior debt facility, according to a March 21 e-mailed statement. Proceeds will be used to help fund Tower Bersama’s purchase of 2,500 mobile phone towers from PT Indosat and for other capital expenditure requirements, according to the statement.

Banks that joined the loan as arrangers prior to general syndication include PT Bank Central Asia, PT Bank Negara Indonesia Persero, CIMB Group Holdings Bhd., Credit Agricole SA, HSBC Holdings Plc and Qatar National Bank SAQ, Caudle said.

Tower Bersama is separately seeking a $50 million mezzanine loan that is being provided solely by Standard Bank Group Ltd., Caudle said.

To contact the reporter on this story: Wendy Mock in Hong Kong at wmock3@bloomberg.net

To contact the editor responsible for this story: Shelley Smith at ssmith118@bloomberg.net

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