Indonesia’s Jababeka asks to amend 6½% notes due 2023 for merger

By Susanna Moon

Chicago, Dec. 6 – PT Kawasan Industri Jababeka Tbk. subsidiary Jababeka International BV is soliciting consents from holders of a majority its $300 million outstanding 6½% guaranteed senior notes due 2023.

The company is seeking to amend the notes to allow the merger of Jababeka Finance BV and a wholly owned subsidiary of the issuer into the issuer as a result of regulatory changes in the Netherlands and Indonesia, according to a company announcement.

The consent solicitation will end at 5 p.m. ET on Dec. 19.

The cash consent payment will be $2.50 per $1,000 principal amount.

The solicitation agents are Standard Chartered Bank (+65 6596-9313 or Liability_management@sc.com) and UBS AG Singapore Branch (+65 6495 8623 or Ben.sung@ubs.com). The information and tabulation agent is D.F. King (+44 20 7920 9700, +852 3953 7231, 212 269-5550, 877 896-3192, jababeka@dfkingltd.com or https://sites.dfkingltd.com/jababeka).

Jababeka is a developer based in Bekasi, Indonesia.

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