FASW - PT. Fajar Surya Wisesa Tbk

Rp 6.100

0 (0%)

JAKARTA. PT Fajar Surya Wisesa Tbk (FASW), a pulp and paper manufacturing company, has obtained a loan facility of US$ 100 million from Oversea-Chinese Banking Corporation Limited.

Marco Hardy, Corporate Secretary of FASW, said the loan has a tenor of 7 years. "For debt refinancing and as capital expenditure," explained Hardy in the company's disclosure.

For information, on 20 January, FASW also received a loan facility worth US$ 50 million from PT OCBC NISP Tbk (NISP). The 7-year loan will also be used for debt refinancing and as the company's capital expenditure budget.

As of Q3 2019, FASW's total liabilities reached Rp 6.48 trillion. This consists of short-term liabilities (Rp 3.16 trillion) and long-term liabilities of (Rp 3.31 trillion). (KR/AR)