Howe Min Wee

Mr. Wee’s experience includes advising on:

Project Development and Finance

• Rantau Dedap Geothermal Power Project, Indonesia, representing Asian Development Bank, JBIC, Nippon Export and Investment Insurance, and the commercial bank lenders in the US$700 million project financing of a 98.4-MW power project in South Sumatra
• Muara Laboh Geothermal Power Project, Indonesia, representing Asian Development Bank, JBIC, Nippon Export and Investment Insurance, and the commercial bank lenders in the US$440 million project financing of an 80-MW power project in West Sumatra
• Sarulla Geothermal Project, Indonesia, representing Asian Development Bank, JBIC, and the commercial bank lenders in the US$1.17 billion project financing of a 330-MW power project in Northern Sumatra — the largest single geothermal power project in Indonesia and one of the pioneer new generation geothermal power projects being developed under Indonesia’s new geothermal regulations and the Fast Track 2 program
• Cirebon 2 Expansion Project, Indonesia, representing the sponsors in a US$1.74 billion project financing of a 1000-MW ultra-supercritical coal-fired power plant expansion in West Java

Restructuring and Special Situations

Mr. Wee’s additional work includes advising:

• An ad hoc group of bondholders in connection with the restructuring of the US$500 million 7.55% Guaranteed Senior Notes Originally Due 2020 and Extended to 2021 issued by Dr. Peng Holding Hongkong Limited
• The ad hoc committee of perpetual capital security holders of Noble Group Ltd. in connection with its proposed US$3.5 billion restructuring plan
• The Asia Pulp & Paper group in its US$16 billion multi-jurisdictional debt restructuring involving approximately 150 subsidiaries worldwide, and associated debt securities litigation in New York and Indonesia*

Complex Debt Financing

• EQT on a historic financing in connection with the acquisition by EQT Infrastructure of Integrated Clinical Oncology Network Pty Ltd (Icon Group), Australia’s largest vertically integrated cancer care provider, from a consortium including Goldman Sachs Asset Management, QIC Private Capital Pty Ltd, and Pagoda Investment Advisors; the deal marks the largest-ever all-Australian dollar Term Loan B (TLB) financing on record and the first TLB in Australia to exceed A$1 billion
• Clifford Capital as sponsor, manager, and subordinated note investor, in the first infrastructure project finance securitization in Asia; a US$458 million issuance that included four classes of notes issued by Bayfront Infrastructure Capital and three classes of investment grade rated notes (Class A, B, and C Notes) listed on the SGX-ST; and a transaction that was awarded the Asia-Pacific Bond Deal of the Year and Asian-mena Deal of the Year in 2018, and Structure Finance and Securitisation Deals of the Year in 2019 at the IFLR Asia-Pacific Awards
• Avenue Capital Group in connection with a structured mezzanine loan financing of PT PAM Lyonnaise Jaya, an Indonesian water concession holder

*Matter handled prior to joining the firm