JAKARTA. PT Waskita Fim Perkasa Realti (WFPR), one of many subsidiaries of PT Waskita Karya (Persero) Tbk (WSKT), has signed a credit restructuring agreement with PT Bank Tabungan Negara (Persero) Tbk (BBTN).

Muhammad Hanugroho, President Director of WSKT, mentioned that said credit facility was obtained by WFPR in 2020. In the first addendum of said agreement, the credit limit received by WFPR from BBTN was set to IDR 258 billion.

“It is used for Vasaka Solterra,” Hanugroho mentioned in the official statement.

Hanugroho confirmed that WFPR and BBTN have decided upon an addendum of credit agreement to schedule payment of credit principal. The period agreed upon by both parties is set until June 15, 2029. In addition, both parties also agreed to cut down credit interest payment.

“The credit restructuring is expected to generate better impact on WFPR’s financial condition.” Hanugroho said. (KR/ZH)