PT Garuda Indonesia meninformasikan that it has won the tender in the form of debt securities Floating Rate Notes is worth around U.S. $ 45 million. Purchases of securities is valued at U.S. $ 25 million. Related to this tender triumph, Emirsyah Satar, Garuda Chief Executive Officer said, in a press release Garuda Indonesia, Garuda is very pleased with the results of the tender offer. The purchase price of U.S. $ 25 million has managed to reduce debt more than U.S. $ 45 million.
This agreed restructuring will be judged significantly affect the financial balance sheet. Because the maturity will be extended until January 2018 and as a result of Garuda's financial balance will be strengthened significantly.
In this FRN restructuring, Garuda is assisted Rothschild & Son Limited's financial adviser, K & L Gates LLP as legal advisor to international, and Wiriadinata & Saleh as legal advisor to Indonesia.
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