JAKARTA. PT Surya Semesta Internusa Tbk (SSIA) is currently seeking loan facility from banks to refinance its debts worth IDR 1.1 trillion.

However, the amount of the loan facility from banks is yet to be determined. The company also plans to utilize other funding facilities.

“As of now, we are still in the budgeting phase. The base principle is, from the total outstanding debts, only a portion of them that will be paid by loans,” Erlin Budiman, VP Head of Investor Relations of SSIA.

Prior to this, BRI Danareksa Sekuritas has mentioned in its research that SSIA is expected to seek loan facility for refinancing its debts, which will be paid to International Finance Corporation (IFC).

For the record, SSIA has set aside IDR 1.3 trillion for capital expenditure (capex) budget this year. Most of them will be allocated to fund Subang Smarpolitan project.

“The remaining of capex will be used by the company to support its business lines, including hospitality segment, as well as pay off debts,” Budiman said. (KR/ZH)