JAKARTA. PT Sarana Meditama Metropolitan Tbk (SAME) has obtained a credit facility of IDR 70 billion from one of its subsidiaries, PT Kedoya Adyaraya Tbk (RSGK).  

Rahmiyati Yahya, Corporate Secretary of SAME, said that this credit facility was received last Wednesday (26/6). She further mentioned that this credit facility will be allocated to capital expenditure (capex), as well as other operational activities of the company and its subsidiaries.

“Through this affiliate transaction, the involved parties believe that the company can maximise its performance, so that it can provide greater added value to the company and its subsidiaries,” said Rahmayati in the information disclosure in Indonesia Stock Exchange today (28/6).

For the record, the tenor of credit facility agreed upon by SAME and RSGK is 3 years. SAME is then charged with an interest rate of JIBOR + 1.2% of upper margin of the obtained credit facility.

It is worth mentioning that this credit facility is categorised as an affiliate transaction as regulated by Financial Services Authority (OJK). SAME is, after all, the controller of 79.84% of RSGK.

According to IDNFinancials data, RSGK reported cash and cash equivalent of IDR 101.56 billion and total equity of IDR 766.61 billion as of March 2024. (KR/ZH)