BNBR finalizing a new financing deal
Monday, October 17 2011 - 06:05 AM WIB
PT Bakrie & Brothers (BNBR) is in final negotiations on a new financing facility and expects to conclude the deal on October 31, 2011, a media statement said Monday.
On October 7, the company disclosed that it was considering repaying and or restructuring its loan facility of US$ 597 million initially arranged by Credit Suisse (CS Loan), in due course.
"BNBR is pleased to announce that it is in final negotiations and documentation of a new financing facility to enable BNBR satisfactorily resolve any issues in the CS Loan through a combination of partial repayment of existing lenders and rolling the balance into a new facility," the statement said.
"The management is focused to conclude the facility on or around October 31, 2011." (dadan)