BUMA Completed The Refinancing of Its Syndicated Loan & CIMB Bank Facilities

PT Delta Dunia Makmur Tbk. (the "Company") is pleased to announce that its subsidiary, PT Bukit Makmur Mandiri Utama ("BUMA"), completed the refinancing of its USD603 million syndicated loan facilities, with SMBC as the Facility Agent (“SMBC Facility”), and its USD15 million loan facility with PT CIMB Niaga Tbk (“CIMB Facility”) on February 14th, 2017. The total outstanding balance of both loan facilities was US$454 million at the time of refinancing, were paid in full using (i) the proceeds from BUMA’s 5-year 7.75% USD350 million Senior Notes issuance (“Senior Notes”), (ii) USD100 million LIBOR +3% loan facility from The Bank of Tokyo Mitsubishi UFJ, Ltd. (“BTMU Facility”), and (iii) BUMA’s internal cash. The Senior Notes was rated Ba3 by Moody’s Investor Service Inc., and BB- by Fitch Ratings, Ltd.

The successful refinancing of its loan facilities is the result of BUMA’s ability to survive and turnaround during the prolonged downturn of coal industry in the past few years. It also enables BUMA to extend its debt maturity profile, reduce amortization and improve cash flow, and allows for increased operational flexibility to support BUMA’s future growth.