Kirana Said to Hire Four Banks for $600 Million Two-Part Loan

July 14 (Bloomberg) --PT Kirana Megatara, Indonesia’s biggest producer of crumb rubber used in tires, hired four banks to help it borrow $600 million, according to a person familiar with the matter.

The loan is split into a $500 million revolving facility which matures in three years and a $100 million term facility which matures in five, the person said, asking not to be identified as details are private.

The banks helping to arrange the loan are PT Bank Permata, CIMB Group Holdings Bhd., HSBC Holdings Plc and Standard Chartered Plc and both facilities are currently being marketed to other lenders, the person said.

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