Indonesia’s Bumi Resources may do equity raise to prepay notes

By Mary-Katherine Stinson

Lexington, Ky., Sept. 2 – PT Bumi Resources Tbk., the parent guarantor of Eterna Capital Pte. Ltd., called a shareholders extraordinary general meeting to approve a non-preemptive rights offering of its shares, the proceeds of which would be used to redeem Eterna’s $487,695,333 series A guaranteed senior secured notes due 2022 (ISIN: XS1628011717) and its $522,375,715 series B guaranteed senior secured notes due 2022, according to a notice.

Pending approval of the share offering, the notes would be redeemed on or about the interest date of Oct. 17. No additional fees, premiums or penalties will be applied.

Proceeds of the share offering will be used to fully prepay all outstanding principal and interest under the senior secured facilities, the notes and the contingent value rights.

If the offering is not approved, the company is under no obligation to early repay the notes.

Bank of New York Mellon, London Branch is the trustee.

Bumi Resources is a mining company based in Jakarta, Indonesia.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.