Joint leads Goldman Sachs and JPMorgan have been mandated to sell a $300 million five-year senior secured bond deal for Indonesian Coal producer, PT Adaro. The Reg S144A deal will kick off roadshows in Singapore on Thursday October 24 before moving on to Hong Kong on the 25th, London on the 28th and Boston and New York on the 29th and 30th.
The deal will be guaranteed by Adaro and PT International Bulk Terminal IBT. The deal, along with a $250 million loan is a refinancing package of an existing bank deal and will be used to pay down interest and the principle of a mezzanine facility.
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