20251117_TPIA_Laporan Informasi dan Fakta Material_31985604_lamp1.pdf

   KKR Provides $750 Million Bespoke Financing Solution to Chandra Asri Group
     Financing will support the acquisition of ExxonMobil’s Esso retail fuel station network in Singapore

Singapore – November 17, 2025 – KKR, a leading global investment firm, and Chandra Asri Group (or the
“Group”), a leading provider of energy, chemical, and infrastructure solutions in Southeast Asia, today
announced a $750-million bespoke financing solution arranged by KKR Capital Markets and anchored by
KKR’s private credit and insurance platforms to Chandra Asri Group. The investment will support the Group’s
growth strategy and its acquisition of Esso-branded retail fuel station network from ExxonMobil in Singapore.
Established in 1992, Chandra Asri Group is a leading provider of critical energy, chemical, and infrastructure
solutions to companies across Southeast Asia. The Group serves diverse industries, including manufacturing,
the trading of chemicals, petrochemicals, and synthetic rubber, as well as the management of infrastructure
assets. In 2024, the Group embarked on a strategic transformation to build a connected energy infrastructure
ecosystem and provide fundamental support to strategic sectors across the region. The Group’s acquisition
of ExxonMobil’s Esso-branded retail fuel station network in Singapore is a key part of this strategy.
KKR’s Asia Pacific Credit platform seeks to provide, among other private credit strategies, bespoke solutions
to high-quality companies, entrepreneurs, promoters and sponsors that harness the strength of KKR’s private
markets investment capabilities and its expertise as one of the largest alternative credit managers globally.
Andre Khor, Chief Financial Officer of Chandra Asri Group, said, “We are pleased to strategically partner
with KKR in supporting our acquisition of ExxonMobil’s Esso-branded retail network in Singapore. Our
collaboration with a leading global investment firm reinforces strong confidence in Chandra Asri’s
transformation journey and the quality of our expanding downstream energy platform. This strategic
partnership enables us to pursue our growth objectives with prudent financial discipline, while continuing to
deliver reliable and sustainable energy solutions across the region.”
SJ Lim, Managing Director and Head of Asia Private Credit at KKR, added, “We are proud to support Chandra
Asri Group on this important milestone. This transaction aligns with our focus on providing tailored capital
solutions to leading companies across Asia Pacific, and we look forward to supporting Chandra Asri’s
continued growth as it strengthens its downstream energy and retail presence in Singapore.”
KKR is making its investment from its Asia Pacific Credit strategy and insurance platform. Since 2019, KKR has
committed more than $8 billion across around 60 credit investments under its Asia Pacific Credit strategy,
accounting for a total transaction volume of more than $21 billion.

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About Chandra Asri Group
Chandra Asri Group is a leading provider of energy, chemical, and infrastructure solutions in Southeast Asia,
supplying products and services to various manufacturing industries in both domestic and international
markets. Since the Group’s establishment in 1992, Chandra Asri has grown from strength to build our
reputation as a reliable growth partner, with strategically well positioned assets in Indonesia and Singapore.
The Group’s asset base includes a refinery with a capacity of 237,000 barrels per day alongside a 1.1 million
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