Subsidiary Erajaya Swasembada Gets Loans From Mandiri Rp3 Trillion And US$300 Million

Illustration of the cellphone shop (Photo: Doc. unsplash)

JAKARTA - Three subsidiaries of PT Erajaya Swasembada Tbk (ERAA) received a loan from PT Bank Mandiri (Persero) Tbk (BMRI). The loans amounted to Rp3 trillion and US$3 million.

ERAA's subsidiaries are PT Erafone Artha Retailindo (EAR), PT Data Citra Mandiri (DCM), and PT Teletama Artha Mandiri (TAM). EAR, DCM and TAM as debtors are Companies Controlled by Direct and Non-Competitive Ownership by the Company with ownership above 99 percent owned by the Company.

Quoting information disclosure, Tuesday, September 19, the credit facility agreement The highest facility value is up to IDR 3 trillion for the Working Capital Credit Facility.

In addition, as high as USD 150 million for SBLC Facilities. And, as high as 150 million for Treasury Line Facilities.

The agreement has a credit facility period of 1 year since the signing of the agreement.

The signing of the Credit Facility Agreement has no material impact on the operational, legal, or business continuity activities of the Subsidiaries or the Company.

However, this will add to the financial obligations of subsidiaries that are in line with the Company's performance in groups.

As is known, Erajaya runs importer business activities, distribution and retail trading of cellular telecommunication devices such as cellular phones and tablets, subscribers of identity module cards (SIM Cards), re-charge vouchers for cellular network operators, accessories, Internet of Things (IoT) devices, sales of Google Play vouchers, as well as offering Value Added Services product services, such as mobile phone protection services through TecProtec products and also mobile phone financing services in collaboration with leading multifinance companies in Indonesia.