US $350 million 7 Year Notes Offering
JAKARTA, February 10, 2015 - TBG Global Pte. Ltd (the “Issuer”), a wholly-owned subsidiary of PT Tower Bersama Infrastructure Tbk. (“TBIG”), had on February 10, 2015, issued US$350 million aggregate principal amount of 5.25% Senior Unsecured Notes due 2022 (the “2022 Notes”).
The 2022 Notes are general unsecured obligations of the Issuer and are guaranteed by TBIG on a senior and unsecured basis. The 2022 Notes mature on February 10, 2022, and contain a standard set of high-yield covenants, including a leverage test based on a debt-to-annualized cash flow ratio of 6.25x. Proceeds from the issuance will be used for the repayment of senior unsecured debt.
The 2022 Notes will be listed on the Singapore Exchange (“SGX”). Admission of the notes to the Official List of the SGX is not to be taken as an indication of the merits of the 2022 Notes or TBIG. The 2022 Notes were offered to non-US persons outside the United States pursuant to Regulation S under the U.S. Securities Act of 1933, as amended. In Singapore, the 2022 Notes were offered to institutional and other investors pursuant to exemptions under Sections 274 and 275 of the Securities and Futures Act, Chapter 289 of Singapore.
About PT Tower Bersama Infrastructure Tbk:
TBIG is a provider of telecommunications infrastructure for the placement of BTS by telecommunications operators in Indonesia. TBIG is publicly listed on the Indonesian Stock Exchange and is majority owned by Saratoga Group and Provident Capital.





