Milbank LLP advised PT Bukit Makmur Mandiri Utama on a US$750 million term loan facility, which will enable the international coal mining company to refinance certain of its indebtedness, fund key operational projects and pursue potential acquisitions.
The loan from PT Bank Negara Indonesia Tbk to BUMA, a subsidiary of Jakarta listed holding company PT Delta Dunia Makmur Tbk, has a tenor to 2029.
“This large-scale financing plays a key role in funding BUMA’s corporate operations and enhances the company’s ability to make strategic acquisitions to further its trajectory of sustainable growth,” Corporate Finance and Securities partner Giles Kennedy said.
Mr. Kennedy led the Milbank team, which also included partner Terrence O’Donnell and associate Andre Seah.
