Indonesia’s Tower Bersama Infrastructure (TBIG) has secured a total US$1.3bn in unsecured loans through two facilities to refinance debt and fund its expansion plans.
The first US$1bn facility matures in 2020 and is split into a US$400m term loan and…
Indonesia’s Tower Bersama Infrastructure (TBIG) has secured a total US$1.3bn in unsecured loans through two facilities to refinance debt and fund its expansion plans.
The first US$1bn facility matures in 2020 and is split into a US$400m term loan and two revolving credit facilities for US$300m each.
A second facility comprises a US$300m revolver that expires in 360 days.
ANZ, The Bank of Tokyo-Mitsubishi UFJ, BNP Paribas, CIMB, Credit Agricole, CTBC Bank, DBS Bank, HSBC, Oversea-Chinese Banking Corp (OCBC), Sumitomo Mitsui Banking Corporation (SMBC) and United Overseas Bank syndicated the debt, according to a stock exchange filing.
It comes a month after TBIG snapped up a 49% stake in Indonesian incumbent Telkom’s tower unit Mitratel under a share swap deal.
The towerco recently scheduled an extraordinary meeting on 22 December to obtain permission to issue new shares equivalent to 10% of its enlarged capital.
