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November 26, 2007 |
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MULTIBREEDER: To Repay US$38.2MM Debt Before 2011 Maturity Date PT Multibreeder Adirama Indonesia Tbk will repay a debt of US$38.2 million to a syndicate ahead of the maturity date, Asia Pulse reports. Multibreeder Adirama, the report notes, will use a loan fund of US$55 million from its parent, the Japfa Group, to repay the debt. According to Reuters Key Developments, the loan carries a term of five years and a maximum fixed interest rate of 10% depending on the market condition. The interest of the loan will be paid quarterly, Reuters says. Reuters notes that PT Amandamai Arthamitra Jasapenilai has been appointed as the independent appraiser. Multibreeder Director Putut Djagir told Asia Pulse that the debt to the 20 creditors led by BNP Paribas will mature in 2011, but will be repaid in 2008 as the syndicate imposes tighter conditions. About Multibreeder Adirama PT Multibreeder Adirama Indonesia Tbk -- http://www.japfacomfeed.co.id/ -- is an agribusiness company engaged in the farming, cattle and maritime industries. It produces chicken grand parents stocks, parents stocks, parents stock broilers, parents stock layers, final stock broilers, final stock layer females and final stock layer males, as well as derivatives products. The Company's subsidiary, PT Multiphala Adiputra, is also engaged in the same business activities. A member of Japfa Group, Multibreeder Adirama Indonesia is headquartered in Jakarta, Indonesia, and supported by production facilities in Lampung, South Sumatera, West Java, Central Java, East Java, Bali, South Sulawesi and Kalimantan. * * * The Troubled Company Reporter-Asia Pacific reported on Oct. 13, 2006, that Multibreeder Adirama has a shareholders' deficit of US$2.31 million. The company's assets as of that date totaled US$64.54 million. |
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