Transaction Description
Acting as financial advisor, Cofarco provided financial counsel to an independent Indonesian E&P junior company to raise debt to fund the acquisition and ongoing capex programme of a mature producing Oil & Gas asset in Indonesia. Debt placement will include a committed facility to serve as a guarantee for the capex programme and a working capital line to cover initial costs. The company, with a strong presence in local shipping and oil & gas services, aspires to become a regional diversified upstream player through investing in hight quality, proven assets.
Cofarco Responsibilities
Cofarco, in co-ordination with the Indonesian E&P company’ team and relevant external advisors, was responsible for: