JAKARTA (Yosefardi) – PT Energi Mega Persada Tbk (ENRG) said its unit EMP Bentu Limited has secured loan of US$60 million from Intesa Sanpaolo SpA & Britannic Strategies Limited.
The loan facility has tenor of 5 years and carries 6.8% interest per year plus LIBOR. The loan will be used to refinance its US$53 million loan which carries annual interest rate of 20%.
ENRG has reduced its principal debt to US$300 million.