PT Bukit Makmur Mandiri Utama (BUMA), the principal subsidiary of PT Delta Dunia Makmur Tbk (Delta Dunia Group, IDX: DOID), secured a USD250 million e...
PT Bukit Makmur Mandiri Utama , the principal subsidiary of PT Delta Dunia Makmur Tbk , secured a USD250 million equivalent Accordion Facility from PT Bank Central Asia Tbk .
The accordion facility upsized the syndicated financing facility from USD750 million to USD1 billion. The multi-currency facility, which includes up to USD75 million and Rp2.88 trillion from BCA, builds on BUMA’s existing syndicated financing as part of its broader strategy for financial diversification. Initially secured in December 2023 with PT Bank Negara Indonesia Tbk and later expanded with PT Bank Mandiri Tbk , the expansion of BUMA’s syndicated financing facility demonstrates the robust confidence of Indonesia’s leading banks in BUMA’s track record on operations and growth.
The initial USD750 million syndicated financing facility was strategically structured into two tranches, allowing BUMA to refinance its debts and loans, thus providing financial flexibility until 2029. Simultaneously, this financing facility will be used to fund a transformative acquisition as part of the company’s efforts to diversify its business towards more sustainable practices.
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