Signing of Syndicated Loan Facility Agreement with Exim Bank and Bangkok Bank Jakarta
On January 31, 2018, the Company and its subsidiaries, PT Bekasi Matra Industrial Estate, PT Bekasi Surya Pratama and PT Best Sinar Nusantara entered into a New USD Loan Facility Agreement (USD 75 million with an option to increase up to USD 130 million) with the Indonesian Export Financing Institution (known as Indonesia Eximbank) and Bangkok Bank Public Company Limited Jakarta Branch as the Original Lender, with the following important information:
- Purpose of the loan funds: To refinancing the existing USD syndicated loan facility and reimburse costs and expenses incurred by the Company and / or subsidiaries in relation to infrastructure development and industrial area facilities.
- The term of the loan shall be 96 months from the date of the signing of the New USD Loan Facility Agreement
- 5.5% interest + 3 months LIBOR.