JAKARTA – The restructuring proposal of several loan facilities of PT Angkasa Pura I (Persero) was finally approved by its 14 creditors in the agreement signed last week (15/7).
Yudi Rizky Ardie, Director of Financial and Management Risk of AP I, mentioned that the credit restructuring includes the suspension of loan repayment until 2023, and the extension of credit tenor to December 23, 2031.
“Following the finalised restructuring contract, the corporate transformation now may proceed, and the cash flow stability will be well-maintained, which allows the company to fulfil their financial obligations better,” Ardie explained.
According to Ardie, there are four aspects of the corporate transformation. They are business turnaround, organisation and culture transformation, financial restructure, and digitalisation.
In the financial statement released in December 2021, AP I reported utilisation of several financing facilities from syndicated banks and other non-bank financial institutions. There were the 2016 Syndicate Loan Agreement capped at IDR 4 trillion, the 2019 BCA and Mandiri Syndicate Loan Agreement capped at IDR 4 trillion, and the 2019 Bank Pembangunan Daerah Syndicate Loan Agreement capped at IDR 2.5 trillion. (LK/ZH)