JAKARTA - Bain Capital Credit LP, through its affiliate, BCSS Maverick Holdings LP, plans to partake in a private placement and securities issuance of PT Sejahteraraya Anugrahjaya Tbk (SRAJ) worth a total of USD 157 million.

Arie Farisandi, Corporate Secretary of SRAJ, claimed that the plan to issue shares via private placement had been approved by independent shareholders.

“Last week (29/11), the company had signed an agreement regarding investment plan in the company through acquisition of newly issued shares and securities,” Farisandi confirmed, as quoted today (3/12).

The agreement regarding shares takeover was signed by BCCS Maverick (A) I LP, worth a total of USD 32 million, whereas the agreement of securities’ acquisition was signed by BCCS Maverick Holdings I LP and BCCS Maverick Holdings II LP of USD 125 million.

For the record, the investors are not affiliated with SRAJ. (LK/ZH)