Chandra Asri taps KKR’s Global Atlantic to finance $1B ExxonMobil Singapore deal - report

Published 2 days ago Positive
Chandra Asri taps KKR’s Global Atlantic to finance $1B ExxonMobil Singapore deal - report
* PT Chandra Asri Pacific has mandated KKR's (KKR [https://seekingalpha.com/symbol/KKR]) insurance business, Global Atlantic, to provide financing for its $1 billion acquisition of Esso-branded service stations in Singapore from ExxonMobil (XOM [https://seekingalpha.com/symbol/XOM]), _Bloomberg News_ reported.
* Global Atlantic will provide a $750 million unitranche facility at single-digit interest rates to the Indonesian energy and chemicals firm, the report said.
* Chandra Asri will fund the remaining $250 million through its own equity.

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