JAKARTA - PT Tunas Baru Lampung Tbk (TBLA) has secured syndicated loan facility worth IDR 2.6 trillion from banks.

Sudarmo Tasmin, Vice President Director of TBLA, mentioned that this new syndicated loan will be used to pay off existing credit (refinancing). “This new syndicated loan has lower interest rate than the existing syndicated loan,” he admitted in the information disclosure quoted Monday (19/6).

The collaterals submitted for this syndicated credit include rights of pledge over an escrow account for the loan and corporate guarantee opened by TBLA’s subsidiaries. The subsidiaries in question are PT Adikarya Gemilang (AKG), PT Agro Bumi Mas (ABM), PT Bangun Nusa Indah Lampung (BNIL), PT Budi Dwiyasa Perkasa (BDP), PT Budinusa Ciptawahana (BNCW), PT Bumi Sentosa Abadi (BSA), and PT Solusi Jaya Perkasa (SJP).

Until Q1 2023, TBLA’s equity was totalled to IDR 7.05 trillion, up from IDR 6,83 trillion in Q1 2022. Its revenue also increased year-on-year (yoy) from IDR 3.85 trillion to IDR 4.36 trillion. (LK/ZH)