Bloomberg News

Bumi Resources Obtains $600 Million Loan to Refinance Debt

February 09, 2012

Feb. 9 (Bloomberg) -- PT Bumi Resources signed an agreement on Feb. 6 with China Development Bank Corp. and the Jakarta branch of Bank of China for a $600 million, four-year loan, the Indonesian coal producer said in a stock exchange filing.

Bumi will use the loan to refinance its debt to Bank of America Merill Lynch, Barclays Plc and JPMorgan Chase & Co., it said yesterday. The loan will pay an interest of 6.7 percent more than the London interbank offered rate a year, Bumi said.

To contact the reporter on this story: Yoga Rusmana in Jakarta at yrusmana@bloomberg.net

To contact the editor responsible for this story: Berni Moestafa at bmoestafa@bloomberg.net


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