Bumi Resources processes seventh phase of debt payment today
JAKARTA – PT Bumi Resources Tbk (BUMI) has processed the seventh debt payment amounting to US$ 31.8 million through a facility agent on Tuesday (15/10). The amount represents a principal loan of US$ 23.2 million and a US$ 8.6 million interest for Tranche A.
According to the company’s information disclosure to the Indonesia Stock Exchange (IDX) on Tuesday, the seventh quarterly payment consisted of US$ 302.2 million in cash, comprising US$ 191.2 million in Tranche A and a US$ 111 million interest, including actual and back interests.
The next Tranche A payment will mature on January 8, 2020. The PIK coupon dated from April 11, 2018 to October 15, 2019 on Tranches B and C has also started to be capitalised. (ARM/MS)