Golden Eagle proposes debt restructuring to Bank Permata
JAKARTA - PT Triaryani, a subsidiary of PT Golden Eagle Energy Tbk (SMMT), proposed restructuring fot its term loan facilities that has a total value of Rp 39.4 billion and US$ 7.7 million, and its revolving debt facility of Rp 66.7 billion. Those loan facilities were obtained from PT Bank Permata Tbk (BNLI).
Chrimasari Dewi Sudono, Corporate Secretary of PT Golden Eagle Energy Tbk (SMMT) said that restructuring would have a positive impact on operations. "With lower interest, Triaryani has the flexibility to optimize available funds for business continuity," he said, as quoted from the company's disclosure published on Monday (3/8).
The restructuring will change the maturity date of the loan facilities from 31 December 2021 to 1 March 2026, and also give the company a grace period from 1 August 2020 to 31 March 2021. The company will also get lower interest rates. (LK/AR)