Elnusa refinancing debt
Friday, December 16 2011 - 04:45 AM WIB
Integrated upstream oil & gas services provider PT Elnusa Tbk has secured a syndicated loan of up to US$122.5 million from five banks led by PT Bank Central Asia Tbk.
A portion of the Rp1.11 trillion loan facility (with an assumption Rp9,135 per US dollar) is for the refinancing of debts to several banks, the rest will be allocated to strengthen capital expenditure in 2012.
The debt refinancing is going as planned said Corporate Secretary Heru Samodra.
The company has Rp1.49 trillion short-term liabilities and Rp708.26 billion long-term allocation as of September. (romel)