PT Semen Baturaja obtains a syndicated loan facility from a bank consortium with a total value of Rp1.7 trillion.

The bank consortium consists of PT Bank Negara Indonesia (Persero) Tbk with a facility of Rp950 billion, and BPD West Java & Banten, BPD South Sumatra Babel, BPD Maluku North Sumatra,  BPD Bengkulu,  Bank Mega, and Bank Mega Syariah with each of its facility of Rp200 billion, Rp150 billion, Rp50 billion, Rp100 billion, Rp50 billion, Rp200 billion, respectively.

"The term of the loan facility is 132 months with an interest coupon of 9.45%," VP Corporate Secretary of SMBR, Doddy Irawan, in an information disclosure submitted to the IDX on Wednesday (17/2).

Meanwhile, the syndicated loan guarantees are land, buildings, and complementary facilities in the Baturaja II factory area, as well as machinery and equipment in the Baturaja II factory.

The loan facility funds will be used to refinance the Baturaja II factory project, which has been financed through a syndicated credit facility, MTN issuance, and partly for the self-financing portion, as well as to finance the company's long-term working capital.