Feb 22, 2011

Saptaindra Sejati seals US$400 mio loan

Coal mining contractor PT Saptaindra Sejati (SIS), a wholly owned subsidiary of coal miner PT Adaro Energy Tbk (ADRO), has secured US$400 million loan facility on February 18 2011.
In an official statement submitted to Indonesia Stock Exchange (IDX) today, SIS will use the loan facility to pay all its debt and fulfill capital expenditure (capex).
Mandated lead arranges for the 7 year loan are PT Bank Mandiri Tbk, Singapore branch, HSBC, Oversea-Chinese Banking Corporation Ltd, PT Bank UOB Buana, DBS Bank Ltd, Sumitomo Mitsui banking Corporation, The Bank of Tokyo-Mitsubishi UFJ Ltd, Jakarta branch, PT ANZ Panin Bank, Credit Agricole Corporate and Investment Bank, and Standard Chartered Bank.
Lead arrangers for the loan are Chinatrust Commercoal Bank Co Ltd, Singapore branch, Societe Generale, Singapore branch.
Facility and security agents for the loan are HSBC and Bank DBS Indonesia. The loan, charging Libor+applicable margin, is guaranteed by Adaro Energy.

Disclosure: No position at the stock mentioned above.
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