JAKARTA - PT Lautan Natural Krimerindo (LNK) has secured a revolving shareholder loan facility worth a maximum of IDR 199.15 billion to cover its working capital needs. 

Joshua Chandraputra Asali, Corporate Secretary of PT Lautan Luas Tbk (LTLS), the parent company of LNK, said that the facility agreement took effect starting from yesterday (15/5) until May 15, 2023. "The facility is extendable according to the written agreement made by the company and LNK," he said in the information disclosure quoted Wednesday (17/5).

The interest for this facility is set to 6.54% per annum, and LTLS may change the interesting rate by informing the debtor first, in written form. For the record, LTLS controls 99.97% of LNK. (LK/ZH)