Feb 14, 2011

Harum Energy pays US$5 million debt

Coal miner PT Harum Energy Tbk (HRUM), controlled by Indonesian business man Kiki Barki, today announced a US$5 million payment of the remaining debt to syndicated creditors arranged by Bank DBS Ltd, Singapore.
Harum President Director Ray Antonio Gunara announced the debt payment in an official statement submitted to Indonesia Stock Exchange (IDX) today.
Early December saw US$75 million of debt early payment made by Harum Energy to several creditors.
Ray 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.

Disclosure: No position at the stock mentioned above.  

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