JAKARTA – PT ELPI Nusantara Armada (ENA) has secured a financing facility of a maximum of IDR 160 billion and hedging with a limit of USD 4 million in order to acquire tug and barges.

Based on the information disclosure quoted Friday (10/2), Wawan Heri Purnomo, Corporate Secretary of  PT Pelayaran Nasional Ekalya Purnamasari Tbk (ELPI), the parent of ENA, revealed that said facility is granted by PT Bank OCBC NISP Tbk (NISP) from its branch in Surabaya, East Java. “The interest of the facility is set to 8.25% per year, available for five years,” he added.

The guarantee for this loan includes five units of tug and barges of ENA and a corporate guarantee from ELPI. The credit ceiling arrives below 20% of its equity, while the corporate guarantee plan had been approved by the shareholders on January 30, 2023.

ELPI has now secured a 10-year contract for coals transportation under a freight charter system with PT Bumi Nusantara Jaya (BNJ). This contract will be applied for cargo transhipment in East Kalimantan waters. (LK/ZH)