Thursday, January 31, 2013

OM Sarawak signs financing deal for ferro-alloy smelting plant project

Kuching: OM Materials (Sarawak) Sdn Bhd (OM Sarawak) has signed a commitment letter with a syndicate of leading regional and international lenders for about US$315mil to provide debt financing for its ferro-alloy smelting plant project in Samalaju Industrial Park in Bintulu.

Source from (Exim Bank Official Website): http://www.exim.com.my/media-centre/media-coverage/2013/om-sarawak-signs-financing-deal-ferro-alloy-smelting-plant-project
Published: January 31, 2013

The Project financing comprised limited resource senior project finance debt facilities totalling US$215mil of performance and payment securities for the construction, commissioning and operation of the project.

The group of lenders comprise Export-Import Bank of Nalaysia Bhd, RHB Bank Bhd, Standard Chartered Bank Malaysia Bhd and Malayan Banking Bhd.......

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