5th Oct 2011 07:06
5th October 2011
For immediate release
Bumi plc ("Bumi" or the "Company")
Update on Shareholder Credit Facility
As disclosed in the prospectuses published by Vallar PLC on 24 February 2011 and by Bumi plc ("Bumi") on 17 June 2011, PT Bakrie & Brothers Tbk and Long Haul Holdings Ltd (the "Borrowers") entered in to a US$1,345,000,000 credit agreement (the "Facility") which granted the lenders a share pledge in the form of a mortgage over all of the ordinary shares that the Borrowers hold in Bumi. Bumi has been informed that the Facility will be due for repayment in the near future and that the Borrowers are currently in discussions with a view to restructuring and/or repaying the Facility.
Bumi will make a further announcement in due course when the results of those discussions are known.
For further information, please contact:
Bumi plc: 020 7201 7507
Nick von Schirnding
J.P. Morgan Cazenove: 020 7588 2828
Ian Hannam
James Taylor
Neil Passmore
Finsbury: 020 7251 3801
Ed Simpkins
Charles Chichester
J.P. Morgan Limited (which conducts its UK investment banking activities as J.P. Morgan Cazenove) ("J.P. Morgan Cazenove"), which is authorised and regulated by the Financial Services Authority, is acting for Bumi plc and no one else in connection with the matters set out in this announcement and will not be responsible to anyone other than Bumi plc for providing the protections afforded to clients of J.P. Morgan Cazenove.
This announcement does not constitute or form part of any offer or invitation to purchase, otherwise acquire, issue, subscribe for, sell or otherwise dispose of any securities, nor any solicitation of any offer to purchase, otherwise acquire, issue, subscribe for, sell or otherwise dispose of, any securities.
The securities of the Company referred to herein have not been and will not be registered under the U.S. Securities Act of 1933, as amended (the "Securities Act"), and may not be offered or sold in the United States unless they are registered with the U.S. Securities and Exchange Commission or an exemption from the registration requirements of the Securities Act is available.
The release, publication or distribution of this announcement in certain jurisdictions may be restricted by law and therefore persons in such jurisdictions into which this announcement is released, published or distributed should inform themselves about and observe such restrictions.
This announcement does not constitute or form part of any offer or invitation to purchase, otherwise acquire, subscribe for, sell, otherwise dispose of or issue, or any solicitation of any offer to sell, otherwise dispose of, issue, purchase, otherwise acquire or subscribe for, any security, therefore this announcement does not constitute a public offering in Indonesia under Law Number 8 of 1995 regarding Capital Market.
Related Shares:
ARMS.L