KWM showcases regional strength in Southeast Asia's largest debt restructuring deal of 2017

King & Wood Mallesons (KWM) advised China Development Bank in connection with the multi-billion dollar debt restructuring of Indonesia's largest thermal coal producer, PT Bumi Resources. 

Following its restructuring, lenders have been approved to exchange existing debt for new debt and securities – comprising senior loans and notes, mandatory convertible bonds, and contingent value rights.

A cross-border B&F team from China and Australia advised on the matter, led by Partners Andrew Deszcz and Ma Feng. Legal support was provided by a large team including Yi Zou and Andrew Fei. 

Andrew Deszcz said; "We are proud to have advised China Development Bank on this significant restructuring, which was one of the most complex in the region's recent history."

"This matter demonstrated KWM's unmatched regional strength, with the bi-lingual cross-border team working seamlessly." 

KWM continues to advise on the most significant restructurings across the APAC region, including advising the large syndicate of lenders on their circa $3billion exposure to the Arrium administration, the lenders on the Caledon Coal insolvency and Paladin's recent US$700m complex balance sheet restructure.