Petrindo Jaya Kreasi Gets Term Loan Facility For Loans And Revolving Syndications Worth IDR 3.5 Trillion

Illustration. (Photo: Doc. Antara)

JAKARTA - PT Petrindo Jaya Kreasi Tbk (Petrindo) received a syndicated term loan and revolving loan facility worth IDR 3.5 trillion which was signed on Thursday, December 14 in Jakarta.

Petrindo's Chief Financial Officer, Kartika Hendrawan, said that his party welcomed the facilities provided by the company's lender partners which were based on strong trust in Petrindo's growth strategy in expanding sustainable business networks by always prioritizing the principles of good corporate governance and best practices in industry.

"This facility is useful in strengthening working capital, financing and asset maintenance, as well as completing the acquisition of several other mining companies, such as the acquisition of PT Multi Tambangjaya Utama, PT Borneo Bangun Banua Bestari, and PT Borneo Bangun Banua," Kartika said in a written statement, Friday, December 15.

He added that this is in line with the expansion strategy carried out by Petrindo and its subsidiaries to become mining companies and mining services that are integrated in all available value chains.