JAKARTA. PT Petrindo Jaya Kreasi Tbk (CUAN), a holding company engaged in the mining and energy sector, has signed a credit facility agreement with PT Bank Negara Indonesia (Persero) Tbk (BBNI).

Robertus Maylando Siahaya, Corporate Secretary of BBNI, mentioned that the credit facility given to CUAN is set to a maximum of IDR 775 billion.

“The loan, according to said facility agreement, will mature on August 30, 2030,” added Siahaya in the official statement.

Furthermore, Siahaya said that the entire facility received by CUAN will be used to fund general corporate activities.

“The loan from BNI leads to an increase in financial liabilities, but also helping the company in funding its business activities,” added Siahaya.

As of March 31, 2024, CUAN reported total liabilities of USD 815.78 million, multiplying by 3,795.97% year-on-year (yoy), while total equity reached USD 327.36 million. (KR/ZH)