STP wires up Rph3tr deal with two leads

By Rev Hui
20 Jun 2013

Solusi Tunas Pratama (STP) has launched a Rph3tr ($302.7m) multi-tranche loan into senior syndication, as it looks not only to refinance debt but also bolster its telecommunications portfolio in Indonesia.

The senior secured deal is split into two. A five year term loan of $258m-equivalent has a margin of 400bp over dollar Libor. The second chunk is a five year revolver divided into a Rph250bn tranche and a $25.8m portion — both have a margin of 400bp over ...

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