This new financing will create interest savings of about 1.5% per annum (p.a.) from the initial 8.25% p.a. to around 6.7% p.a., says Geo Energy.
Geo Energy has secured term loan facilities worth US$275 million ($354.55 million) from Bank Mandiri for refinancing its existing loan facilities, and upcoming proposed acquisitions.
The group previously signed a US$220 million term loan with Bank Mandiri on Sept 22, 2023 which was used for the acquisition of Golden Eagle Energy which owns the Triaryani (TRA) coal mine, and Marga Bara Jaya which owns the integrated infrastructure currently under construction.
