Bali Towerindo bags Rp 20.89 billion loan facility
JAKARTA - PT Bali Towerindo Sentra Tbk (BALI) has obtained a Rp 20.89 billion loan facility from PT Century Tokyo Leasing Indonesia and PT Mitsui Leasing Capital Indonesia. The facility includes the sales and rent of towers in the syndicated investment financing agreement signed on December 20, 2019.
In the company's stock exchange filing, BALI Vice President Director Lily Hidayat said the collateral for the loan includes supporting equipment for telecommunication towers, transmission networks, and optical fibre networks. "The loan has a tenor of 60 months since the signing," she said.
In June 2019, BALI recorded Rp 17.60 billion in cash, down from Rp 18.36 billion in December 2018. The company's current asset was recorded at Rp 319.08 billion, up from Rp 299.16 billion, while its short-term liabilities amounted to Rp 628.89 billion, up from Rp 516.31 billion. (LK/MS)