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Protelindo obtains a credit facility of IDR 34.8 million from MUFG

16 July 2021 19:37

JAKARTA. PT Profesional Telekomunikasi Indonesia (Protelindo), a subsidiary of PT Sarana Menara Nusantara Tbk (TOWR), has signed a term facility agreement of USD 34.8 million from the Jakarta branch of MUFG Bank Ltd.

Irfan Ghazali, Corporate Secretary of TOWR, claims that the agreement had been signed on July 14, 2021, and would be effective until July 14, 2025.

“The purpose of this facility agreement is to fulfill general needs of Protelindo, yet including unrestricted usage for refinancing,” Ghazali confirms through the information disclosure in Indonesia Stock Exchange earlier today (16/7).

According to idnfinancials.com, TOWR’s liability was reported at IDR 25.81 trillion on March 31, 2021. On the other hand, while owning total assets of IDR 36.71 trillion, this company only possesses IDR 1.28 trillion in cash and bank. (KR/ZH)

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