JAKARTA – PT Bali Towerindo Sentra Tbk (BALI) has secured an additional Term Loan 12 facility with a maximum value of IDR 238 billion to invest in telecommunications towers, fibre optic networks, and other supporting infrastructure.

In a public disclosure quoted on Monday (17/3), Lily Hidayat, Vice President Director of BALI, stated that the facility would have a positive impact on the company’s business continuity. "The company has signed an agreement for the additional facility with PT Bank Mandiri (Persero) Tbk (BMRI)," she said.

According to her, the loan period will last for 60 months from the first drawdown. The facility will be used to finance capital expenditures for towers, fibre to the home (FTTH), Fibre to the X (FTTX), CCTV, and supporting infrastructure. The assets used as collateral for the loan include land and buildings, towers, and FTTH and FTTX fibre optic network assets, including towers.

"All collateral will be joint collateral with the company's existing facilities, with a cross-default clause," she said.

As of December 2024, the company reported cash and cash equivalents of IDR 189.68 billion, up 32.27% from IDR 143.40 billion in December 2023.

In terms of financial performance, revenue increased by 9.42% to IDR 1.04 trillion from IDR 955.26 billion, while net profit declined by 4.13% to IDR 144.27 billion from IDR 150.49 billion. (LK/ZH)