JAKARTA. PT Radana Bhaskara Finance Tbk (HDFA), a two-wheeled vehicle financing company, has obtained a US$20 million loan facility from BDO Unibank Inc.

Rizalsyah Riezky, Director of HDFA, said that the signing of the loan facility agreement was signed by the company and BDO Unibank on March 14, 2023. Under the agreement, the loan facility provided by BDO Unibank will be available until May 30, 2023.

In the credit facility agreement, PT Bank Central Asia Tbk (BBCA) was appointed as the guarantor agent. While the collateral used by HDFA for the credit facility is receivables or billing rights to end users.

"The purpose of the transaction is for business capital for financing activities carried out by the company, including financing for factoring and other financing activities," said Riezky, in his official statement.

For the record, HDFA and BDO Unibank have no affiliation. The loan facility is expected to provide financial flexibility for the company in developing its business. (KR/LM)