WSBP Wins Bond Holder Support For Financial Covant

JAKARTA - PT Waskita Beton Precast Tbk (WSBP) received support from bond holders through the provision of waivers for financial loans. This support was obtained at the Bond Holder General Meeting (RUPO) for 4 series of bonds.

WSBP Vice President Corporate Secretary Fandy Dewanto expressed his gratitude for the support of bond holders in the WSBP RUPO.

"The WSBP management is committed to carrying out the settlement of obligations to creditors in accordance with the Peace Agreement and the provisions of the applicable laws and regulations," said Fandy in an official statement, Monday, August 7.

Fandy also emphasized that WSBP is always committed to implementing good corporate Governance principles taking into account the company's sustainability.

For your information, the GMS for 4 series of bonds, namely the 2022 Waskita Beton Precast I Bonds, the 2022 Waskita Beton Precast II Bonds, the 2019 Waskita Beton Precast Phase I Sustainable Bonds, and the 2019 Waskita Beton Precast Phase I Sustainable Bonds..

The RUPO was attended by WSBP management, namely FX Poerbayu Ratsunu (President Director) and Asep Mudzakir (Director of Finance & Risk Management). The RUPO was also attended by PT Bank Mega Tbk as Waliamanat.

In the vote held at the AGM, the bond holders stated "approving" the proposed meeting agenda decision regarding the waiver application for financial heritage in accordance with the provisions of the Security Agreement, namely (i) Current Ratio, (ii) Debt to Equity Ratio (DER), and (iii) Debt Service Coverage Ratio (DSCR).

The waiver of financial reports was carried out on the consideration of the company to be able to continue to carry out its commitment to the Peace Agreement which regulates the settlement of obligations to Creditors.