Adaro Energy’s Barging Subsidiary MBP Secures a US$160 Million Seven Year Bank Loan

April 3, 2012, 1:21 pm | Admin

PT Adaro Energy Tbk is pleased to announce its wholly owned subsidiary PT Maritim Barito Perkasa (“MBP’), a barging company, secured a US$160 million, seven year (5.75 year average life), bank loan from a group of ten foreign banks. Announcing the transaction, which drew US$915 million of commitments and was 5.7 times oversubscribed, Adaro Energy’s Director and Chief Financial Officer, Mr. David Tendian, noted, “We are pleased with the strong response of the banks and are thankful for their continued support.”

 

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