Jakarta - PT Harum Energi Tbk (HRUM) obtained a revolving credit facility from a financial institution worth US$390 million.

The financial institutions are United Overseas Bank Ltd, Bank UOB Indonesia Tbk, UCBC Ltd, Bank OCBC NISP Tbk, Bank DBS Indonesia, DBS Bank Ltd, Bank CIMB Niaga, Bank BTPN Tbk, and Bank QNB Indonesia Tbk.

"This loan facility matures on December 31, 2025," said HRUM Corporate Secretary Ray Gunara in information disclosure on Tuesday (10/11).

According to Ray, the company will use the loan facility to pay fees based on the loan facility agreement and the company's capital expenditures.

"This loan facility is in order to achieve sustainable business growth, one of which is the company's main effort by diversifying its business through expansion into nickel mining and processing businesses, which require substantial financing," he said.