HomeNewsVideos

Bali Towerindo Sentra obtained IDR 75 billion loan facility

26 February 2021 21:30

JAKARTA - PT Bali Towerindo Sentra Tbk (BALI) has just signed a credit facility agreement, worth IDR 75 billion, with PT Bank Victoria International Tbk (BVIC), which is distributed in the form of current account loan (PRK) and term loan.

Lily Hidayat, Vice President Director of BALI, said that IDR 5 billion was disbursed in the form of PRK, and the remaining IDR 70 billion was in the form of term loans. The terms, provided in the agreement, are 12 months for PRK and 60 months for the Term Loan.

In an information disclosure released today, Hidayat explained that the PRK facility would be used for additional BALI’s working capital. Meanwhile, the Term Loan facility will be used to refinance the construction of telecommunication towers and FTTx and its networks.

"The consideration and reason for this transaction is the difference in competitive interest rates for the company," said Hidayat.

In the credit facility agreement, there are a number of BALI’s assets that become credit collateral. These assets include 3 warehouse units, 3 shop houses and 120 telecommunication towers. (KR/VA)

© 2024 - IDN Financials - All Rights Reserved.