JAKARTA - On November 28, 2019, PT. Elnusa Petrofin and PT. Bank BTPN Tbk (BTPN) signed a bilateral short-term funding facility (Revolving Loan / Trade Facility) with a principal of Rp 100,000,000,000. This funding includes working capital loans, Invoice Financing, Letters of Credit, Acceptance and Trust Receipt with a loan facility period of 12 months.
The signing was carried out by Aditya Dewobroto as Director of Finance and Administration of PT Elnusa Petrofin along with Elvin Suryawan Siregar as Senior Vice President of SOE Wholesale Banking of PT Bank BTPN Tbk on Thursday (11/28).
This funding facility is part of the long-term roadmap of Elnusa Petrofin's funding strategy, which is planned to combine funding in several instruments, both banks and Debt Capital Market, to strengthen the Company's capital structure and support capital expenditure financing for Elnusa Petrofin's future growth. (LM)