Jakarta - PT Eratex Djaja Tbk (ERTX) has obtained a loan facility from PT Bank UOB Indonesia with a ceiling of US$30 million.

The loan includes a US$1 million revolving credit facility, US$16 million clean trust receipt, US$3 million term loan, and US$10 million foreign exchange.

"With this loan, the continuity and development of the company's business will increase," said Eratex Director Mandeep Singh in an information disclosure on Wednesday (12/14).

He added that the old loan facility from Bank HSBC Indonesia is currently still in the process of being repaid.

"The guarantee at Bank HSBC will be transferred to guarantee Bank UOB's loan facilities, namely land and buildings, machine and invoice fiduciary, corporate guarantee from PT Ungaran Sari Garmets and personal guarantee from Maniwanen," he explained.

For guaranteeing the company's assets to Bank UOB, he said the board of directors had obtained a