MAXpower looks to modify terms on $222m loan

Gas grid 230x150 maintenance
By Shruti Chaturvedi
29 Mar 2016

Indonesian gas-to-power specialist MAXpower Group is looking to rejig terms on a $222m five year syndicated loan sealed in 2015.

The company has requested banks to allow a reset of the loan’s amortisation schedule and relax certain covenants, said a banker who participated in last year's deal.

MAXpower had raised the five year loan in three tranches: a $10m tranche A, $20.7m tranche B and $191.3m tranche C. ...

Already a subscriber?

Continue reading this article

Try full access to GlobalCapital

Free trial