Tuesday, February 7, 2017

Indonesia: Loan will Help Purchase Chevron’s Geothermal Assets

Star Energy drills for $660m in senior syndication (GlobalCapital)

Star Energy Geothermal has enlisted three lenders for a $660m dual tranche loan that will go partly towards funding the company’s purchase of a stake in Chevron’s Indonesian assets.

Credit Suisse, DBS and Maybank are arranging the facility and have pre-funded a portion of the money ahead of senior syndication, according to a banker. The mandated lead arranger and bookrunner title is also available to new lenders for commitments of $100m or more.

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