JAKARTA. PT Tunas Alfin Tbk (TALF), a soft packaging manufacturer, has received additional credit facility from PT Bank Central Asia Tbk (BBCA) worth IDR 92 billion.

This extra credit facility consists of investment credit and working capital. It brings the total credit facility from BBCA rises to IDR 329.24 billion.

“The current outstanding credit limit now rises to IDR 237.24 billion,” Samuel Sofyan Tika, Director of TALF, said in the information disclosure in Indonesia Stock Exchange (IDX).

This credit facility is used to support the company’s expansion plan, including the establishment of new manufacturing facility in Serang, Banten. “It is also for working capital,” Tika added.

Tika also mentioned that this credit facility is guaranteed with two Ownership Titles of a condominium with binding value worth IDR 1.33 billion. (KR/ZH)