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Protelindo and Iforte secure IDR 3 trillion loan facility from Bank Mandiri

31 May 2022 09:17

JAKARTA. PT Professional Telekomunikasi Indonesia (Protelindo) and PT Iforte Solusi Infotek, two business entities belonging to PT Sarana Menara Nusantara Tbk (TOWR), have obtained a loan facility worth IDR 3 trillion from PT Bank Mandiri (Persero) Tbk (BMRI).

The loan facility is guaranteed by PT Solusi Tunas Pratama Tbk (SUPR). For the record, SUPR is a subsidiary of Protelindo with a share ownership of 94.03%.

In the disclosure of information on the Indonesia Stock Exchange (IDX), the loan facilities provided by BMRI to Protelindo and Iforte consist of 2 parts. Facility A is provided with a limit of IDR 2.5 trillion which can only be used by Protelindo, and Facility B of IDR 500 billion which can only be used by Iforte.

Both loan facilities have a tenor of 36 months, starting from the signing of the credit agreement. "The aim is to support the general needs of Protelindo and Iforte," wrote TOWR Management.

According to data from idnfinancials.com, Iforte previously received a loan facility of IDR 1 trillion from PT Bank Negara Indonesia (Persero) Tbk (BBNI) in early May 2022. Meanwhile, Protelindo has also received a term credit facility of US$ 40 million from JP Morgan Chase Bank Jakarta Branch. (KR/LM)

 

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