JAKARTA – PT Habco Trans Maritima Tbk (HATM) secured IDR 150 billion loan from PT Bank Central Asia Tbk (BBCA) to fund the acquisition of a bulk carrier.

Antonius Limbong, Corporate Secretary of Habco Trans Maritima, mentioned that the guarantee of this facility is in the form of a vessel worth IDR 187.5 billion. “The facility will be spent on a new vessel bought from an unaffiliated third party,” he confirmed in the information disclosure quoted Tuesday (14/2).

With this amount of loan, HATM’s liabilities rise by IDR 150 billion, while its debt-to-equity ratio (DER) increases 0.26 times than the ratio in September 2022 (unaudited).

According to Limbong, this facility was signed yesterday (13/2), boasting a tenor of five years. The facility is equal to 23.05% of the company’s total equity in September 2022 of IDR 650.81 billion.

HATM is known to make its debut on July 26, 2022, raising IDR 175.90 billion in its initial public offering (IPO), which have been spent on acquiring more vessels. (LK/ZH)