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12/28/2010 / INDONESIA / GLOBAL LOAN SYNDICATION
Crédit Agricole CIB alongside the Indonesian group Tower Bersama in its refinancing
Crédit Agricole CIB has been appointed mandated lead arranger and bookrunner in the refinancing of the existing debt of Tower Bersama, the second largest independent Tower Operator in Indonesia.
This facility worth USD 350 million will mature in September 2015. It will allow Tower Bersama Group, following recent acquisitions, to refinance and restructure various debts – both syndicated and bilaterals – in order to:
- combine the existing facilities into one single loan program (“Program”) with common terms and conditions to allow the Company to continue expanding its tower portfolio using a common canvas,
- allow for more flexibility,
- expand pool of banks in view of future fund raising (i.e. for acquisitions).
Crédit Agricole CIB has been working actively with the client to structure this key financing, composed of a syndicated term and revolving credit facility.