On July 22, 2022, PT Bekasi Fajar Industrial Estate Tbk (BEST) signed a syndicated credit facility of US$ 90,000,000. Five (5) banks and financial institutions in Indonesia participated in the syndicated loan, namely PT Bank Permata Tbk, Indonesia Eximbank, PT Bank Mandiri (Persero), PT Indonesia Infrastructure Finance and PT Bank Jtrust Tbk. The loan will be used to pay existing US Dollar loan and to fund the development of the Data Center Area in BEST owned MM2100 Bekasi Industrial Town.
This 6.5 year syndicated credit facility was led by Bank Permata as Mandated Lead Arranger and Bookrunner together with Bank Mandiri and Indonesia Eximbank. Acting as Facility Agent and Account Bank was Bank Permata while Bank Mandiri was acting as Security Agent.
BEST’s President Director, Yoshihiro Kobi, said that this facility was a testament to the trust of the leading banks in Indonesia in the BEST industrial estate business. This loan will strengthen the Company’s capital structure and will support BEST’s business development going forward. Although the business was constrained by the COVID-19 pandemic for two years, in the first half of 2022, BEST has achieved 9 hectares of marketing sales. Yoshihiro Kobi, on the same occasion, also said that he was optimistic about the achievement of the Company’s 2022 full year target of 20 hectares.
PT Bekasi Fajar Industrial Estate Tbk develops and manages the MM2100 Industrial Town in Bekasi. With more than 30 years of experience, the Company carries out sustainable development by providing facilities and infrastructure to meet the requirements by manufacturers and other industries such as logistics and data centers. The company is committed to continuously develop the industrial estate business to support Indonesia’s economic growth. Currently, the MM2100 Industrial Town has been trusted by more than 350 national and multinational companies as a place to establish and to operate their facilities.
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