Indonesian towerco Solusi Tunas Pratama (STP) has secured a syndicated debt facility worth a total US$790m.
The debt was signed on 8 December and is split into US$650m in long-term loans and a US$140m credit facility, according to a stock exchange…
Indonesian towerco Solusi Tunas Pratama (STP) has secured a syndicated debt facility worth a total US$790m.
The debt was signed on 8 December and is split into US$650m in long-term loans and a US$140m credit facility, according to a stock exchange announcement.
BNP Paribas, HSBC, ING, JP Morgan and Standard Chartered are mandated lead arrangers, with the latter also acting as agent.
STP was reported earlier this year to be planning to raise around US$874m through a rights issue and a seven-year bond offering. The group has been looking to refinance a loan that backed its recent US$460m acquisition of towers from local mobile operator XL Axiata.
