IBST secures IDR 600 billion loan from Bank Permata

JAKARTA -PT Inti Bangun Sejahtera Tbk (IBST)has obtained a loan facility of IDR 600 billion from dariPT Bank Permata Tbk (BNLI). The guarantor of this facility is PT Protelindo, a subsidiary of PT Sarana Menara Nusantara Tbk (TOWR).

Monalisa Irawan, Corporate Secretary of TOWR, mentioned that the facility is meant to be used as capital expenditure allocated for general corporate needs and refinancing purposes.

“Protelindo has agreed to provide corporate guarantee in order to guarantee the fulfilment of the borrower obligations under the facility agreement,” Irawan said in the information disclosure quoted Monday (14/10).

Protelindo and IBST are known to be affiliated under the same shareholder, TOWR, which owns 99.99% of Protelindo and 99.98% of IBST. (LK/ZH)