JAKARTA - PT Central Proteina Prima Tbk (CPRO) is accelerating the repayment of Tranche A debt from the Senior Facility Agreement (SFA) resulting from the 2021 Bond restructuring amounting to US$ 51.51 million.

In a press release quoted on Monday (29/1), Armand Ardika, Corporate Secretary of CPRO said that repayment was accelerated from the maturity date on 31 December 2025 due to improvements in the company's performance in line with the high interest of aquaculture farmers, growing consumption of seafood, and the development of the animal lover community.

The statement on the repayment of Tranche A obligations was confirmed by Madison Pacific, Trustee of bond holders last week (17/1). After the repayment from SFA, the remaining Tranche B debt worth US$ 16 million or the equivalent of IDR 250 billion will mature in 2026.

In January-September 2023, CPRO recorded profit growth of 12.5% ​​to IDR 321.43 billion from the same period in 2022. This issuer's revenue rose 9.5% to IDR 6.76 trillion, driven by growth in the feed business and food segment.

For the record, after the restructuring of Tranche A and Tranche B, the debt of Blue Ocean Resources (BOR), a subsidiary of CPRO, which received a loan facility of US$ 162.46 million as of October 31, 2020 will decrease by 51% to the value of the facility agreement. (LK/LM)