JAKARTA (Yosefardi) – Nat Rothschild offers equity financing through rights issue to Asia Resources Minerals Plc for refinancing matured debt of PT Berau Coal Energy Tbk (BRAU) amounting US$450 million.
Amir Sambodo, president director of BRAU, said the company will refinance its senior notes scheduled to mature in July 8, 2015.
Asia Resources Minerals (ARMS), as controlling shareholder of BRAU through Vallar Investment UK Limited (VIUK), has appointed Houlihan Lokey as consultant for debt refinancing project.
ARMS is also now evaluating the offer proposed by Nat Rothschild.