14 Nov 2022
ABNR Acts for Online Used-Car Marketplace Moladin in USD 32 Mio Loan Deal
We are pleased to announce that ABNR acted for Indonesian used-car marketplace and e-commerce platform PT Moladin Digital Indonesia (a subsidiary of Singapore-based Zinfinity Pte. Ltd) for their approx. USD 32 million credit facility from Indonesian publicly listed, technology-focused lender PT Bank Jago Tbk. The original credit facility agreement was signed on 6 July 2022 in Jakarta, but was subsequently novated to a Moladin affiliate on 15 September 2022.
The ABNR team that worked on the deal was led by partners Mr. Ayik C. Gunadi and Mr. Herry N. Kurniawan, and included senior associate Mr. Reynard Kevin Munando.
Moladin is Indonesia’s leading omni-channel used car marketplace, providing a platform for agents and micro-dealers to simplify and expedite the used-car sale process, and creating a better & more satisfactory customer experience.
As the country’s longest-established law firm (founded 1967), ABNR pioneered the development of international commercial law in Indonesia.
Now with 23 partners (including Indonesian and foreign counsel) and around 84 other fee earners (including associates and of counsel), we are the largest independent, full-service law firm in Indonesia and one of the country’s top-three law firms by lawyer numbers, giving us the scale needed to simultaneously handle large and complex transnational deals across a range of practice areas.
We also have unmatched global reach as the exclusive Lex Mundi (LM) member firm for Indonesia since 1991 -- LM is the world’s leading network of independent law firms, with members in more than 100 countries.
ABNR is an equal opportunity firm, with more than 40 percent of our partners now being women. We are also committed to corporate social responsibility (CSR) in such key areas as education, the environment and human rights, as demonstrated by the training and scholarships we offer to aspiring young lawyers through the ABNR Foundation, and the pro bono services we provide to non-governmental and civil society organizations.
For more information on how ABNR can help you with your legal needs, please contact:
Mr. Emir Nurmansyah (firstname.lastname@example.org)
Mr. Ayik Gunadi (email@example.com) or
Mr. Nurdin Adiwibowo (firstname.lastname@example.org)