Strengthening Infrastructure Sector Growth, Chandra Asri Group Receives Bullet Term Loan Of IDR 4 Trillion From Bank Mandiri

Photo: Doc. Chandra Asri

PT Chandra Asri Pacific Tbk (Chandra Asri Group) has signed an agreement for a term loan bullet facility worth IDR 4 trillion from Bank Mandiri with a 7-year tenor to increase the business under the auspices of the Company's infrastructure investment entity, PT Chandra Daya Investasi (CDI).

This agreement was signed by Chief Financial Officer (CFO) Chandra Asri Group, Andre Khor and Senior Vice President of Bank Mandiri Corporate Banking, Helmy Afrisa Nugroho, in Jakarta. Funds from this facility will be allocated to support the overall operations and business continuity at CDI, as well as strengthen the company's working capital.

Erwin Ciputra, President Director and CEO of Chandra Asri Group, said that according to Chandra Asri Group's vision to provide infrastructure solutions for the development of the strategic sector in Indonesia, we are very happy to be trusted to get a term loan bullet facility from Bank Mandiri.

"This financing also reflects Bank Mandiri's confidence in realizing exponential growth through optimizing infrastructure assets and future expansions that focus on generating and energy distribution, water treatment, and tank & dock management," Erwin said in his statement, Tuesday, April 2.

Bank Mandiri Senior Vice President Corporate Banking, Helmy Afrisa Nugroho said, this collaboration is a form of Bank Mandiri's commitment to encourage sustainable business growth. One of them is through the application of emphasis on environmental, social, and governance aspects (environmental, social, and governance/ESG) in its business activities, including in the credit distribution process.

"The signing of the Term Loan Facility Agreement is a form of Bank Mandiri's commitment to the CDI and Chandra Asri Group to strengthen the funding aspect in running and developing the CDI business in the future," said Helmy.Chandra Asri Group through CDI, a joint venture with EGCO as a shareholder of 30 percent, committed to creating a stable and sustainable long-term advantage through the growth of a strong infrastructure business.

The CDI core portfolio includes key assets supporting industrial growth, such as the largest and only integrated water company in Indonesia, and a combined cycle power plant and a 200 MW-capacity environmentally friendly power plant through a strategic partnership with Posco International, a leading trading company in South Korea.

CDI also provides tank rental services and integrated pier management in leading industrial areas on the island of Java.