Adaro Indonesia secures US$750 million loan

Wandrik Panca Adiguna
Wandrik Panca Adiguna - 31 Mei 2011  |  04:13 WIB

JAKARTA: PT Adaro Indonesia, a unit of PT Adaro Energy Tbk an Indonesias second largest thermal coal producer-, secured US$750 million bank loan facility to fund its capital expenditure and acquisition cost, Investor Daily reported, citing Director Andre Mamuaya.

Andre did not give further details about the lender before the two parties sign an agreement. Adaro Indonesia got an US$1 billion loan commitment, surpassed its targeted loan facility at US$750 million.Meanwhile, Finance Director David Tendian said the US$1 billion loan commitment is the highest commitment in 10 years.The other subsidiary of Adaro Energy, PT Saptaindra Sejati, also received US$400 million on February 2011 with loan tenor seven years.Adaro Energy paid its US$800 million ten-years bonds which published on Oktober 2009. (wiw)

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