Indonesia’s ABM Investama asks to allow investment under 7 1/8% notes

By Susanna Moon

Chicago, Jan. 16 – PT ABM Investama Tbk. said it is soliciting consents to amend its $350 million of outstanding 7 1/8% senior notes due 2022 until 5 p.m. ET on Jan. 30.

The proposed amendments are being sought to allow the company “to make a strategic minority investment in an Indonesian company that holds the concession for a producing Indonesian coal mine using cash on hand,” according to a company announcement.

In connection with the planned investment, the target company is in discussions with the company and its subsidiaries to enter into certain service contracts, the release added.

The consent fee will be $3.50 per $1,000 principal amount.

The solicitation agent is Credit Suisse (Singapore) Ltd. (+65 6212 2764/+852 2101 6541). The information and tabulation agent is D.F. King (+44 20 7920 9700, +852 3953 7231, 212 269-5550, 800 622-1569, abm@dfkingltd.com and https://sites.dfkingltd.com/abm).

ABM Investama Tbk. operates in the energy resources, energy services and energy infrastructure sectors in South Jakarta, Indonesia.

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