JAKARTA (Yosefardi) – PT Bumi Resources Tbk (BUMI), the largest coal producer in Indonesia, intends to cut its debt within next few years, from current total of US$3.73 billion, equivalent Rp44.77 trillion.
In details, BUMI’s debt are;
1) Guaranteed Convertible Bond I (US$375 million)
2) Country Forest Limited Facility 2009 (US$1.04 billion)
3) Guaranteed Senior Secured Notes (US$300 million)
4) Credit Suisse 2010 Facility – 2 (Amended & Restated) (US$117.5 million)
5) Guaranteed Senior Secured Notes II (US$700 million)
6) UBS AG Facility (US$62.5 million)
7) Axis Bank Limited Facility 2011 (US$140 million)
8) Deutsche Bank 2011 Facility (US$54 million)
9) China Development Bank Facility (US$600 million)
10) RBI Loan Facility (US$80.69 million)
11) Credit Suisse Facility 2014 (US$114.31 million)
12) Castleford Investment Holdings Ltd Facility 2013 (US$150 million)
BUMI plans had raised Rp3.6 trillion from its rights issue of 15.85 billion shares, to pay Rp1.725 trillion debt to China Investment Corporation (CIC), through Country Forest Limited (CFL), and Rp1.725 trillion debt to Castleford Investment Limited Holdings Ltd. The rest Rp161 billion is used for working capital.