JAKARTA – PT Golden Energy Mines Tbk (GEMS) acquired a credit facility capped at USD 50 million from PT Bank Mandiri (Persero) Tbk (BMRI). Corporate Secretary of Golden Energy Mines, Sudin, announced the news in the information disclosure quoted Wednesday (1/12).
Sudin mentioned that this term loan facility (TL) 2 is available for the next five years and would be utilised for general corporate purposes. “The facility will have positive impacts on the company’s business continuity,” he added.
According to Sudin, the guarantee for this TL2 would be cross-default and cross-collateral with the existing loans between GEMS and Bank Mandiri. (LK/ZH)