Thursday, March 25, 2010

Energi Mega paid debt US$250 million

PT Energi Mega Persada Tbk paid some of the debts to Credit Suisse worth US$250 million as from the total of US$450 million to the creditor here. The company has paid some of the obligation after generating proceeds from the rights issue.
Energi Mega also has obligation to other creditor. The total debt before rights issue stood at US$607.3 million. With the payment, the company debt left US$357.3 million including the remaining debt to Credit Suisse worth US$200 million and other creditors US$157.3 million.
The company is completing the acquisition of 10 percent of Masela Block form Inpex. The acquisition is believed to boost up the finance performance.
Energi Mega performed rights issue II by issuing 26.18 billion new stocks and raked some IDr4.84 trillion proceeds or US$502 million.
After corporate action, the ownership of PT Bakrie & Brothers Tbk directly and indirectly dropped into 28.12 percent as from 43.2 percent.
Meanwhile, public owns 70.42 percent shares, and the standby buyer, PT Energi Mega Per-sada, PT Danatama Makmur and PT Madani own the rests.

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