Jakarta - PT Adaro Energy Tbk's (ADRO) business entity, PT Alam Tri Abadi (ATA), has increased its loan to Vindoor Investment (Mauritius) Limited to US$550 million from the previous US$276 million.

In addition, Alam Tri Abadi also extended the loan's maturity and changed the interest coupon to +3.42% LIBOR. The loan maturity is December 31, 2024.

Alam Tri Abadi is a wholly-owned corporate entity by ADRO with Vindoor Investment (Mauritius) Limited.

"This transaction plan is based on the background that ATA currently has a fairly good financial position and level of liquidity," the company said as quoted in information disclosure in Jakarta on Thursday (6/12).

The company made the loan agreement and loan agreement amendments to diversify the company's revenue sources through the Adaro Capital pillar.