JAKARTA - Star Energy Group Holdings Pte Ltd (SEGHPL), a subsidiary of PT Barito Renewables Energy Tbk (BREN), has signed a relaxation of interest and tenor of a credit facility worth USD 655 million from Bangkok Bank Public Company Limited, yesterday (2/9).

In the information disclosure quoted Thursday (5/9), Merly, Director of BREN, confirmed that SEGHPL had signed an amendment of facility agreement regarding the extension and restatement of a facility agreement worth USD 655 million dated December 11, 2022, made with Bangkok Bank.

The material requirement is changed according to the amended agreement, including the margin that is lowered to 2.50% above The Secured Overnight Financing Rate (SOFR) from 4% above London InterBank Offered Rate (LIBOR), or 4.42826% above SOFR. Furthermore, final payment date is delayed to August 30, 2029, from the initial December 14, 2027.

For the record, this morning (5/9), BREN’s stock price was corrected 2.89% to IDR 10,950 per share after the opening position at IDR 11,250 per share. (LK/ZH)