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Fajar Wisesa will use bank loans to pay off its debts

23 January 2020 06:07

JAKARTA - PT Fajar Surya Wisesa Tbk (FASW) obtained a loan facility worth US$ 50 million from PT OCBC NISP Tbk (NISP), which will be used for \capital expenditure and to pay off its debts.

As quoted from the disclosure of company information, Marco Hardy, Corporate Secretary of PT Fajar Surya Wisesa Tbk (FASW), said that the term of the credit facility from NISP is seven years. The agreement was signed by the two parties on 20 January 2020.

In 2020, the company will prepare a capital expenditure budget of US$ 20 million, and US$ 50 million for PT Dayasa Aria Prima (DAP). (LK/AR)

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