Tuesday, August 3, 2010

Berau Coal raise US$400 million loan

PT Berau Coal Energy borrowed $400million from seven banks to refinance debt. The facility comprises a $300 million term loan with an average life of 2.65 years and a $100 million term loan with an average life of 4.5 years.
The $300 million loan pays an all-in fee of 475 basis points more than the London interbank offered rate while the $100 million loan pays 575 basis points.
Credit Suisse Group AG led the transaction and contributing lenders included Bank of Tokyo-Mitsubishi UFJ Ltd., China Development Bank Corp., Erste Group Bank AG, WestLB AG,
Indonesia Eximbank and ICICI Bank Ltd.

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