JAKARTA - PT Satria Antaran Prima Tbk (SAPX) managed to obtain a revolving loan facility of IDR 125 billion from PT Bank Permata Tbk (BNLI) yesterday (25/6). Said facility will be used as its working capital.

Denny Parhan, Corporate Secretary of SAPX, mentioned that the facility consists of Revolving Loan 1 with a limit of IDR 50 billion, and Revolving Loan 2 of a maximum IDR 75 billion. “For the guarantee, it has been approved by shareholders,” he said in the information disclosure quoted Wednesday (26/6).

The guarantee in question consists of pledge of account or deposit on behalf of the company of 30%; pledge of account or deposit of the company worth IDR 10.5 billion, which had been deposited prior to agreement signing; pledge of the company’s account of IDR 9.4 billion, before the facility ban was lifted; fiducia over accounts payables of IDR 113.75 billion, and personal guarantee on behalf of Budiyanto Darmastono.

The loan facility is equal to 70.6% of total equity of the company as of December 2023 worth IDR 177.06 billion. (LK/ZH)