Wings - Beverage & Detergent Expansion (Indonesia)

completed

The proposed IFC financing is a loan package on its own account to support a group of Indonesian companies in undertaking an expansion project, including (i) to expand beverage product lines based on PET (polyethylene terephthalate) bottle under PT Tirta Alam Segar – PT TAS (Jakarta), (ii) to expand fruit flavored beverage in plastic cups under PT Murni Alam Segar – PT MAS (Surabaya), (iii) to commission a greenfield coffee mix production under PT Harum Alam Segar – PT HAS (Surabaya), and (iv) to increase the capacity of existing detergent business under PT Sayap Mas Utama – PT SMU (Jakarta), all targeting low-middle income segments in the domestic market (the “Project”). IFC will also try to syndicate a B loan subject to market conditions. The balance of the financing will be through shareholder loans / equity.