PT Panca Amara Utama’s US$495 Million Project Financing

Herbert Smith Freehills and Hiswara Bunjamin & Tandjung have advised PT Panca Amara Utama on the deal.

PT Panca Amara Utama, a subsidiary of PT Surya Esa Perkasa Tbk, (ESSA) refinanced its project financing through a US$495 million facility.  The facility was arranged with a consortium of banks.

Since 2006, ESSA has been operating the largest private LPG Refinery and Ammonia Factory in Indonesia. We use the most advanced and most efficient technology in the world in an effort to put Indonesia at the forefront of the LPG and Ammonia industry.

Singapore partner Adrian Cheng (Picture) led the Herbert Smith Freehills team, assisted by senior associate Salonika Kataria and associate John Patrick Angus. Partner Adrianus Adritomo Budi Setiawan led the Hiswara Bunjamin & Tandjung team, assisted by associates Hanny and Neduro Maril Nainggolan.

 

Involved fees earner: John Patrick Angus – Herbert Smith Freehills; Adrian Cheng – Herbert Smith Freehills; Salonika Kataria – Herbert Smith Freehills; Adrianus Adritomo – Hiswara Bunjamin & Tandjung;

Law Firms: Herbert Smith Freehills; Hiswara Bunjamin & Tandjung;

Clients: PT Panca Amara Utama;

Sonia Carcano

Author: Sonia Carcano