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SSEK Advises Daewoo International Corporation on Funding for Copper Project.

20 January, 2015

 

SSEK Legal Consultants has acted as Indonesian counsel to Daewoo International Corporation in connection with a USD 210m funding for the expansion of Finders Resources’ copper cathode plants (known as the Wetar Copper Project) in Indonesia’s Maluku Province.

 

This USD 210m funding consists of a credit approved commitment letter with a group of four banks for USD 165m of senior loan facilities and a USD 45m equity investment by Daewoo in Finders’ wholly owned Indonesian subsidiary, PT Batutua Tembaga Raya, which holds the Wetar Copper Project. Daewoo will hold a 24.1% economic interest in PT Batutua Tembaga Raya.

 

Partner Denny Rahmansyah led the SSEK Team advising on the deal.

 

Yulchon LLC acted as foreign legal counsel to Daewoo International Corporation.                                                                                                                       

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