Adaro secures $750m loan
Wednesday, July 6 2011 - 06:46 PM WIB
IDX-listed energy firm PT Adaro Energy Tbk announced on Wednesday that the its coal mining unit PT Adaro Indonesia has on July 4, 2011 signed US$750 million loan agreement with a number of banks.
According to the company?s statement, the loan has tenure of 10 years with interest charged at LIBOR plus undisclosed margin.
The loan will be used for capital expenditures, working capital and generate corporate purposes, said the company.
DBS Bank, Bank Mandiri, OCBC, The Bank of Tokyo-Mitsubishi UFJ act as lead arrangers. (alex)