JAKARTA. PT Mandom Indonesia Tbk (TCID), a body care product manufacturer and distributor, has signed an amendment of credit agreement with one of its subsidiaries, PT Alliance Cosmetics (PTA).

Alia Dewi, Corporate Secretary of TCID, confirmed that the company has granted an extension of credit ceiling to PTA in said amended agreement. This extra limit is provided with a period of 1 year and an interest rate of 6.25%.

For the record, said credit facility was initially given on August 25, 2023, with limit set to IDR 10 million. Since its first agreement, TCID and PTA have amended it 4 times with intention to extend credit ceiling, as well.

As of now, total credit facility given by TCID to PTA rises to IDR 36 billion.

“The purpose of loan is to support capital and operational needs of PTA,” said Dewi in the official release.

As of March 31, 2024, TCID reported cash and cash equivalent of IDR 801.60 billion, with total assets of IDR 2.35 trillion and total equity of IDR 1.94 trillion. (KR/ZH)