JAKARTA. PT Alfa Energi Investama Tbk (FIRE), a coal company and electricity infrastructure provider, has obtained a credit facility worth IDR 10 billion from PT Bank Central Asia Tbk (BBCA) with an interest rate of 9.25% per annum.
Lyna, Director of FIRE, explained that the credit facility will be used as the company's business capital. "This credit facility will have a positive impact on the company's operational activities," said Lyna through a disclosure published on the Indonesia Stock Exchange's website today.
On the same occasion, Lyna also said that BBCA gave a one-year tenor for the loan.
According to idnfinancials.com data, FIRE had cash and cash equivalents of IDR 75.81 billion at the end of September 2020. Meanwhile, the company's long-term bank debt balance was recorded at IDR 36.95 billion. (KR/AR)