JAKARTA - PT Mahakam Coal Terminal (MCT), a subsidiary of PT Ancara Logistic Indonesia Tbk (ALII), will pay off the remaining obligations earlier than the due date (voluntary prepayment) of US$20.82 billion. MCT's creditors are OCP Asia Fund IV (SF 1) Pte Limited and OCP Asia Fund V (SF 1) Pte Limited.

Quoted from the information disclosure on Thursday (3/10), the source of funds for the voluntary prepayment plan was the additional capital of MCT shareholders, namely, ALII, PT Ade Putra Tanrajeng (APT), PT Guruh Putra Bersama (GPB), and Honardy Boentario (HB). The total number of MCT shares is recorded at 50,000 shares, with ALII's portion being 70% and APT, GPT and HB's share being 10%, respectively.

MCT will issue 34,200 new shares, of which ALII will take part with 30,780 shares or the equivalent of IDR 307.8 billion and HB 3,420 shares or IDR 34.2 billion. The total value of this corporate action plan is IDR 342 billion.

It is known that MCT received a loan facility from OCP Asia worth US$ 62 million on June 14, 2023. (LK/LM)