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Adaro Indonesia Secures US$380m Loan for Refinancing Activities


PT Adaro Energy Tbk (IDX: ADRO) is pleased to announce its wholly owned subsidiary PT Adaro Indonesia (AI) secured a US$380 million amortizing loan facility that will mature in May 2020. Adaro received total commitments of US$2.85 billion, 7.5x oversubscribed, from a group of 12 international banks.

The new facility will refinance our US$500 million amortizing revolving credit facility obtained in 2009 in order to extend the debt maturity profile and strengthen our balance sheet. The current outstanding balance of the 2009 facility is US$380 million.

Adaro Energy’s Director and Chief Financial Officer, Mr. David Tendian, commented, “In this challenging commodity market, we are pleased with the strong level of interest and support from lenders and remain on track to deliver on our long-term strategies.”

General Media:
For further information, please contact:
Devindra Ratzarwin
Corporate Secretary
Tel: (6221) 521 1265
Fax: (6221) 5794 4685
Email: corsec@ptadaro.com
 
Financial Media:
For further information, please contact:
Mr. Cameron Tough
Head of Investor Relations
Tel: (6221) 521 1265
Fax: (6221) 5794 4685
Email: cameron.tough@ptadaro.com

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Last modified on January 30, 2017, 10:35 am | 966