EWC Updates on EEES Indonesia Loan Facility

Energy World Corporation said that it’s wholly owned subsidiary EEES has executed loan documentation to revise and upgrade its existing facility to US$125.0 million.

The existing facility was originally US$88.0 million (currently paid down to approximately US$68 million). The upgraded facility will provide additional funds of approximately US$52 million (net of financing and related costs). The facility’s mandated lead arrangers are Standard Chartered Bank, Mizuho Bank Ltd and Natixis (Singapore Branch).

This facility can be used for general corporate purposes in respect of EEES’ petroleum operations and to finance commercialization of gas from the Kampung Baru (KB), Walanga, Sampi Sampi and Bonge (Wasambo) gas fields within the Sengkang PSC. The facility also includes an accordion feature which allows the facility to step up from US$125.0 million to US$200.0 million following satisfaction of completion tests for the Wasambo gas fields and related arrangements for the commercialization of the gas.

Press Release, March 21, 2014; Image: EWC

 

Share this article

Follow LNG World News

Events>

<< Feb 2020 >>
MTWTFSS
27 28 29 30 31 1 2
3 4 5 6 7 8 9
10 11 12 13 14 15 16
17 18 19 20 21 22 23
24 25 26 27 28 29 1

Flame 2020

Flame is Europe’s largest and most influential meeting place for the global gas industry.

read more >

LNG Pricing, Trading & Hedging: 3-Day Training Course – London / Mar 2020

This three-day training program provides a unique opportunity to learn and apply the practical skills…

read more >

3rd CWC Japan LNG & Gas Summit

As the only commercially focused forum for the Japanese LNG industry

read more >

Cryogenic Storage Tanks

The program committee looks forward to having the opportunity for intensive, objective and professional…

read more >