Ashurst has acted for PT Bank Negara Indonesia (Persero) Tbk (“BNI”) as sole arranger and original lender, in relation to US$231,984,888 secured facilities to PT J Resources Nusantara (“J Resources”).
The facilities were used, in part, to refinance existing operating projects of J Resources and its subsidiaries, as well as to develop a new gold mine in North Sulawesi, Indonesia.
PT J Resources Nusantara is an Indonesian gold mining company, through its subsidiaries, with operating projects in Indonesia and Malaysia.
The Ashurst team was led by partners Jean Woo (Picture) and Rizaldy Tauhid (Jakarta), assisted by senior associates Cara Stevens and Safita Narthfilda, associates Eugene Ang and Ernita Rahmawati, and graduate Caroline Christian.
Involved fees earner: Eugene Ang – Ashurst; Caroline Christian – Ashurst; Safita Narthfilda – Ashurst; Ernita Rahmawati – Ashurst; Cara Stevens – Ashurst; Rizaldy Tauhid – Ashurst; Jean Woo – Ashurst;
Law Firms: Ashurst;
Clients: PT Bank Negara Indonesia;