Dec 8, 2010

Harum Energy pays US$75 million debt

Coal miner PT Harum Energy Tbk (HRUM) today announced US$75 million debt early payment to several creditors.
In an official statement submitted to Indonesia Stock Exchange, Harum Energy President Director Ray Antonio Gunara said the loan was previously arranged by Bank DBS Limited, Singapore, as facility agent.
Previously, Ray said the company's outstanding revolving facility from DBS Bank reaches US$120 million.
"We had drawn down US$80 million of the revolving in June," he said today at Indonesia Stock Exchange when the company listed its shares in October 2010.
The company sold 500 million shares into the stock market in a bid to snap Rp2.60 trillion cash or Rp5,200 per share.
Of the total proceed raised from the IPO, Harum's founder PT Karunia Bara Perkasa sold 300 million shares, grabbing Rp1.56 trillion cash, while Harum issued 200 million shares worth Rp1.04 trillion.
As of the first quarter of this year, Harum booked Rp894.7 billion revenue from last year's level of Rp4.60 trillion.
Post IPO, Karunia Bara Perkasa controls 81.39% stake in Harum, PT Bara Sejahtera Abadi owns 0.09%, and the public shareholders hold 18.52%.

Disclosure: No position at the stock mentioned above.

Print This Article

No comments: