Marry Saragi is an associate in White & Case's Asia Debt Finance and Restructuring practice group, based in Singapore. She specialises in cross-border financing with extensive experience in acquisition financing, margin financing and mix of debt and equity financing. She is fluent in Bahasa Indonesia and is qualified to practice Indonesian law.
Prior to joining White & Case, Marry was part of a leading international law firm with a Band 1-ranked banking and finance team in Singapore.
Digital Bridge on the US$350 million bridge facility to its wholly owned subsidiary in Indonesia to acquire more than 4,200 telecommunications towers from PT Indosat Tbk. The transaction is the largest towers sale-and-leaseback transaction in Indonesia by deal value at the time of completion of the transaction and the first foreign direct investment into this sector to be announced since the introduction of Indonesia's new positive list in March 2021.*
The finance parties in the US$331 million bridge financing to PT Centratama Telekomunikasi Indonesia, Tbk for refinancing the existing facility and the acquisition of 1,054 telecom towers from PT XL Axiata, Tbk.*
The finance parties in the subscription financing of the US$730 million rights issue of IDX-listed PT Lippo Karawaci Tbk.*
Genting Hong Kong Limited on the restructuring of US$3.5 billion of financial indebtedness and its US$1 billion recapitalisation. This transaction is one of Asia's largest restructuring transactions in the travel industry.*
The finance parties in the US$350 million financing to fund the acquisition of up to 5 percent of the issued shares in Vedanta Limited as part of voluntary offer.*
The finance parties in the US$306 million acquisition financing over stakes in Coforge (formerly known as NIIT Technologies, listed on NSE) by Baring Private Equity Asia and the US$326 million refinancing of the original financing.*
Credit Agricole Corporate and Investment Bank as lender in US$5.85 billion acquisition of various distressed ECB loans as part of ArcelorMittal's takeover of Essar Steel India Ltd. This deal was marked as the single largest recovery under the India Insolvency and Bankruptcy Code regime.*