PT Indika Energy Tbk : News Release Tender Offer 2022 Result
July 14, 2022
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NEWS RELEASE
FOR IMMEDIATE DISTRIBUTION
15 July 2022
INDIKA ENERGY COMPLETES TENDER OFFERS FOR 5.875% SENIOR
NOTES DUE 2024 AND 8.25% SENIOR NOTES DUE 2025
Jakarta - On 14 July 2022, PT Indika Energy Tbk ("The Company") completed the tender offer of its the 2024 and 2025 Notes with total aggregate purchase price of US$241.69 million which comprised of US$184.97 million for the 2024 Notes and US$56.71 million for the 2025 Notes.
Upon the settlement date, 14 July 2022, the Company paid an aggregate purchase price of US$184.97 million and the accrued interest to holders of 2024 Notes accepted for purchase in the 2024 Tender Offer, and an aggregate purchase price of US$56.71 million and the accrued interest to holders of 2025 Notes accepted for purchase in the 2025 Tender Offer.
Ms. Retina Rosabai, Director and Group Chief Financial Officer of Indika Energy, states "The tender offer is funded by our strong cashflow from operation. Despite the volatile market backdrop, we have successfully executed this tender, which is part of our liability management strategy."
In addition to the tendered Notes, the Company are also to cancel a portion of the 2024 Notes and the 2025 Notes with the amount of US$28.64 million and US$19.55 million respectively that were repurchased through the open market prior to the commencement of the Tender Offers. Following the cancellation of these Notes, the amount outstanding on the 2024 Notes and the 2025 Notes is US$362.40 million and US$598.88 million respectively. The Company has mandated Mandiri Securities and Standard Chartered Bank as the Dealer Managers for this transaction.
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NEWS RELEASE
ABOUT INDIKA ENERGY
PT Indika Energy Tbk. ("Indika Energy") is Indonesia's leading integrated energy company through its strategic investments in the areas of Energy Resources - coal production (PT Kideco Jaya Agung, PT Multi Tambangjaya Utama); coal trading (Indika Capital Investment Pte. Ltd.); Energy Services - EPC - oil & gas (PT Tripatra Multi Energi, PT Tripatra Engineers & Constructors, PT Tripatra Engineering); EPC - contract mining (PT Petrosea Tbk. (IDX: PTRO).); Energy Infrastructure - marine transportation, ports & logistics for bulk goods and natural resources (PT Sea Bridge Shipping, PT Cotrans Asia, PT Indika Logistic & Support Services, PT Kuala Pelabuhan Indonesia); fuel storage (PT Kariangau Gapura Terminal Energi); coal-fired power plant (PT Cirebon Electric Power and PT Prasarana Energi Cirebon); Minerals
gold production (Nusantara Resources Limited); Digital Ventures - IT enterprise (PT Xapiens Teknologi Indonesia), digital technology services (PT Zebra Cross Teknologi), Green Businesses - Nature based solution (PT Indika Multi Properti), Renewable Energy (PT Empat Mitra Indika Tenaga Surya), Electric Vehicle (PT Ilectra Motor Group). www.indikaenergy.co.id
This news release may contain certain financial information, projections, plans, strategies, and objectives of PT Indika Energy Tbk., that are not statements of historical fact which would be treated as forward looking statements within the meaning of applicable law.
Neither PT Indika Energy Tbk., its affiliates nor any other person assumes responsibility for the accuracy and completeness of the forward-looking statements in this communication.
This news release is for information only and is not an offer to sell or an invitation to buy any securities and neither this news release nor anything herein forms the basis for any contract or commitment whatsoever.
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PT Indika Energy Tbk published this content on 15 July 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 26 July 2022 10:58:01 UTC.
PT Indika Energy Tbk is engaged in trading, construction, mining, transportation, and services. Its segments include energy and other portfolio holdings. The energy segment includes energy resources and energy infrastructure. The other portfolio holdings segment includes logistics and infrastructure, minerals, green business, digital ventures. Its energy business focuses on the exploration, production, processing, energy services and electricity generation. Its logistics and infrastructure business focuses on energy sector spectrum, including roads, ports, and barges to transport the raw materials to both domestic and international power producers. Its minerals business is engaged in the development of the mineral sector, such as gold mining. Its green businesses are diversified into renewable energy, electric vehicle mobility, and nature-based solutions. Its digital ventures business is engaged in the digital space with online platforms for work and other interactions.
PT. INDIKA ENERGY TBK 
