Indonesian company Chandra Asri Pacific has secured a bespoke financing package worth $750m from KKR & Co to support its acquisition of nearly 60 of Exxon Mobil’s Esso-branded fuel stations in Singapore, along with associated supply agreements, according to a report by Reuters.
Under the planned transaction, Chandra Asri intends to retain the Esso brand, continue sourcing fuel from Exxon Mobil and integrate the existing workforce of the stations.
The financing, structured and arranged by KKR Capital Markets, draws on KKR’s private credit and insurance platforms, underscoring the firm’s appetite for tailored capital solutions in Asia-Pacific downstream energy and retail infrastructure.
