JAKARTA - On December 24, 2021, PT Widodo Makmur Unggas Tbk (WMUU) received syndicated credit facilities and working capital loans from PT Bank Negara Indonesia Tbk (BBNI).
Based on information disclosure on the Indonesia Stock Exchange, there are 5 forms of credit facilities accepted by WMUU. The first is Investment Credit I with a maximum value of IDR 500 billion to finance the construction of a feed mill in Ngawi, East Java with a period of 84 months.
The second is Investment Credit II with a maximum value of IDR 260 billion is to finance the construction of a commercial broiler farm in Wonogiri, Central Java with a term of 84 months. The third is the Investment Credit Interest During Construction I with a maximum of IDR 42 billion to finance part of the interest expense of the Investment Credit facility I during the construction period. Then, the Investment Credit Interest During Construction II of a maximum IDR 23 billion to finance part of the interest expense of the Investment II credit facility during the construction period.
The last is Working Capital Credit I with a maximum value of IDR 50 billion for additional working capital for the broiler farming industry in Pracimantoro and the purchase of raw materials for chicken feed at the feedmill in Ngawi with a period of 12 months. (LM)