Jul 6, 2011

Adaro secures US$750 mio loan

Coal miner PT Adaro Indonesia, a wholly owned subsidiary PT Adaro Energy Tbk (ADRO), has secured US$750 million loan facilities from several banks.
In an official statement filed to Indonesia Stock Exchange today, Adaro will use the facilities to support capital expenditure, working capital, and general corporate purposes.
The 10 year loan has been arranged by DBS Bank Ltd, PT Bank Mandiri Tbk, Oversea-Chinese Banking Corporation Limited, The Bank of Tokyo-Mitsubishi UFJ Ltd, Singapore, The Bank of Tokyo-Mitsubishi UFJ Ltd, Jakarta. 

Disclosure: No position at the stock mentioned above.  

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