Lucky number 13 for Star Energy loan (GlobalCapital)
Star Energy Geothermal has wrapped up its $660m dual tranche loan with 13 banks, following a three month syndication. The money was partly for the company’s purchase of a stake in Chevron’s Indonesian assets.
The borrower had enlisted three banks to arrange the $660 million borrowing, which was split into a $309m tranche A and a $351m tranche B.
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