JAKARTA (Yosefardi) – Coal producer PT Golden Energy Mines Tbk (GEMS), controlled by Sinarmas Group and GMR Infrastructure, has amended loan facilities to PT Karya Cemerlang Persada (KCP) and PT Bara Harmonis Batang Asam (BHBA).
GEMS boosted facilities for KCP from US$20 million to US$25 million with interest rate of 8% for USD and 12% for Rupiah. Drawdown of the facility is maintained until October 14, 2014.
On BHBA, GEMS extended the drawdown period from July 31, 2013 to July 31, 2014, while total facility is maintained at US$50 million.
KCP and BHBA plan to use the facilities for capital expenditures and coal infrastructure development costs.