JAKARTA - To anticipate the company's performance due to declining crude palm oil prices, PT Astra Agro Lestari Tbk (AALI) has pocketed a standby loan worth US$ 100 million or equivalent to Rp 1.43 trillion.
Astra Agro Lestari's President Director, Santosa said that the funding process was almost complete. "Almost closing, the value is US$ 100 million," Santosa said as quoted by CNBC Indonesia.
For information, the loan has a tenor of five years. In 2019, the company will allocate capital expenditure of Rp 1.5 trillion which will be used for plant maintenance and infrastructure maintenance. (LM)