KKR’s Global Atlantic to Fund Chandra Asri’s $1 Billion Esso Buy

PT Chandra Asri Pacific Tbk has mandated KKR & Co.’s insurance business Global Atlantic to provide financing for its $1 billion acquisition of Esso-branded service stations in Singapore from Exxon Mobil Corp., according to people familiar with the matter.

Global Atlantic will provide a $750 million unitranche facility at single-digit interest rates to the Indonesian energy and chemicals firm, the people said, who asked not to be identified discussing private matters. Chandra Asri will fund the remaining $250 million through its own equity, they added.

Representatives for Chandra Asri, Global Atlantic and KKR declined to comment.

Global Atlantic ...