Chandra Asri in Talks with Lenders to Fund $1 Billion Esso Deal

PT Chandra Asri Pacific Tbk, an Indonesian energy and chemicals firm, is in talks with competing consortiums of lenders for loans to back its $1 billion purchase of Esso-branded service stations in Singapore from Exxon Mobil Corp., according to people familiar with the matter.

Chandra Asri is in talks with Global Atlantic, the insurance arm of KKR & Co, for a $750 million unitranche facility, the people said, with Chandra Asri funding the remaining $250 million using its own equity.

Separately, the group is in talks with a group of banks for a senior loan of ...