BUMA Plans For Roadshow in Conjunction With The Issuance of Notes
13 June 2017
PT Delta Dunia Makmur Tbk. (the "Company") herewith announces that its subsidiary, PT Bukit Makmur Mandiri Utama (“BUMA”) intends to perform a roadshow in conjunction with the issuance of notes, to several cities in Asia, Europe and the United States commencing on January 18, 2017. BUMA plans to issue a notes outside of the territory of the Republic of Indonesia and in the United States in compliance with Rule 144A and Regulation S under the US Securities Act of 1933, as amended, denominated in United States Dollar at the maximum amount of USD500,000,000 (five hundred millions US Dollar) and such notes is intended to be listed at the Singapore Exchange Securities Trading Limited (the “Notes”).
The proceeds of the Notes issuance (if successful) is used to make pro-rata repayment of BUMA’s loan based on the SMBC Facility Agreement and CIMB Credit Agreement. In reference with the abovementioned BUMA’s activities, the Company has obtained an approval from the Company’s Shareholders at the Extraordinary General Meeting of Shareholders of the Company on November 15, 2016. BUMA, rated Ba3 (stable) by Moody’s and BB- (stable) by Fitch, has appointed BofA Merrill Lynch, J.P. Morgan and Morgan Stanley as a joint lead managers and bookrunners.