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MBSS obtains a credit facility worth IDR 270 billion from BCA

25 January 2022 08:18

JAKARTA. PT Mitrabahtera Segara Sejati Tbk (MBSS), a logistic and transportation company that focuses on the mining industry needs, has secured a credit facility worth a total of IDR 270 billion from PT Bank Central Asia Tbk (BBCA).

Emy Oktavia, Corporate Secretary of MBSS, specifies that the freshly received credit facility comprises an investment credit of IDR 200 billion and a local credit or current account credit of IDR 70 billion. The tenor given to the investment credit is five years, while the local credit’s tenor lasts a year.

“This bank credit facility is equipped with mortgage guarantee over the company’s vessels to the bank, comprising tugboats and barges,” Oktavia revealed in the information disclosure in Indonesia Stock Exchange.

On the same occasion, Oktavia said that the credit facility received a guarantee from PT Galley Adhika Arnawarna (GAA), the ultimate shareholder of the company. It is a corporate guarantee submitted to BBCA for the credit facility acquired by MBSS.

Furthermore, Oktavia claimed that the agreed credit interest rate could be considered competitive for the company’s investment purposes. Thus, Oktavia believed that this facility agreement would positively affect the company’s business sustainability. (KR/ZH)

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