Sidley Advises Geo Energy on Its US$220 Million Term Loan Facilities

Sidley represented Geo Energy Resources Limited (Geo Energy) on its US$220 million financing from PT Bank Mandiri, to be applied toward the funding of certain acquisitions, working capital, and other capital expenditure requirements. Geo Energy is a major Indonesian coal producer listed on the mainboard of the Singapore Exchange (SGX) and principally engaged in operating coal mines, coal production, and coal sales throughout Asia.

Sidley has a longstanding relationship with Geo Energy, having advised on its inaugural US$300 million bond offering in 2017 and on its subsequent liability management exercises, including its consent solicitation and tender offer for its outstanding bonds in 2020.

The Sidley team was led by partners Daniel Lindsey (Global Finance) and Alexius Chong (Capital Markets), with support from associates Wilfred Ong and Caulyn Bong (all Singapore).