Theta Capital Pte. Ltd., a wholly-owned subsidiary of Lippo Karawaci (LPKR) issues a backed senior unsecured notes US$75 million. Moody’s Investors Service has assigned a rating of B2 to the senior unsecured notes due 2020. The notes are guaranteed by LPKR nd some of its subsidiaries and rank pari passu with the 2022 notes and 2026 notes. The rating outlook is negative.
It said, LPKR will use the net proceeds from the issuance towards refinancing outstanding amounts of the term loan under the facility agreement with UBS AG as facility agent, and for general corporate
purposes.
