ESSA announces successful US$ 495m

refinancing
Monday, March 29 2021 - 09:26PM WIB

By Rara Suratmi
IDX-listed ammonia and LPG producer PT Surya Esa Perkasa Tbk. (ESSA) announced
on Monday that its subsidiary PT Panca Amara Utama (PAU) has successfully refinanced
its existing long-term debt facilities.
The new US$495 million term loan facility has been arranged with a consortium of local
and international banks.
Read also: ESSA: Ammonia has potential to become low-carbon energy alternative
President Director of ESSA, Vinod Laroya, said: “We are pleased to announce the
refinancing of PAU’s long-term obligations through this new facility. This will enable
PAU to have a much simplified and leaner capital structure while creating a debt free
parent. We believe the new financing perfectly positions the Company to create strong
roots in these uncertain times and thank all our partners for their continued support”.
PAU is one of the largest Ammonia producers in Indonesia.
Editing by Alexander Ginting