AISA seeks USD 350 million syndicated loan
JAKARTA – PT FKS Food Sejahtera Tbk (AISA) acquires a loan facility worth USD 350 million syndicated from national banks with the corporate and its subsidiaries as a guarantee in return. This syndicated loan is arranged by PT Bank Negara Indonesia (Persero) Tbk (BBNI) and PT Bank Central Asia Tbk (BBCA).
In the information disclosure quoted Tuesday (21/6), it is revealed that the guarantee of this facility should reach IDR 3.66 trillion at the minimum. However, the company’s assets to be put out as guarantee are only equal to 92.44% of AISA’s equity in December 2021 of IDR 757 billion. Therefore, the management must seek approval regarding submitting the company and the subsidiaries as a corporate guarantee in the upcoming Independent General Shareholders Meeting on July 27, 2022.
For the record, AISA’s subsidiaries to be granted the facility include FKS Food and Agri Pte Ltd (FKS FA), Tene Capital (TC), FKS Food and Ingredient (FKS FI), and FK Multi Agro Tbk (FKS MA). On the other hand, the subsidiaries to be included as guarantee are FKS Corporindo Indonesia (FCI), FKS Pangan Nusantara (FPN), Permata Dunia Sukses Utama (PDSU), Sentral Gain Terminal (SGT), Terminal Bangsa Mandiri (TBM), Permata Food Indonesia (PFI), Makassar Tene (MT), Padi Flour Nusantara (PFN), Enerfo Pte Ltd (EPL), Enerfo Sugar Pte Ltd (ESPL), Enerfo Sugar do Brazil Ltd (EsdBL), and Enerfo Malaysia Sdn Bhd (EMSB). (LK/ZH)