JAKARTA -PT Tower Bersama Infrastructure Tbk (TBIG)signed an agreement of tenor relaxation for its syndicated loan facility worth USD 325 million. Initially, this facility is due August 2024
Helmy Yusman Santoso, Director of TBIG, confirmed that the company has signed an amendment agreement to extend the average tenor of the facility. “The final settlement date is set to October 2029,” he added in the information disclosure quoted Wednesday (23/10).
The revolving loan facility was obtained back on April 18, 2023, from a syndicate of banks that consists of BNP Paribas, PT Bank CIMB Niaga Tbk (BNGA), Credit Agricole Corporate and Investment Bank, Singapore, Branch, DBS Bank Ltd, PT Bank HSBC Indonesia, PT Bank Mizuo Indonesia, Oversea-Chinese Banking Corporation Limited, PT Bank OCBC NISP Tbk (NISP), United Overseas Bank Limited (arranger), and United Overseas Bank Ltd (agent).
As initially informed, this revolving loan facility is charged with a compounded reference rate (CRR) + 1,25% per annum for foreign creditors and CRR + 1.33% per annum for domestic creditors should the senior leverage ratio reach less than 1.0:1. If said ratio was equal or over 1.0:1, the interest rate is modified to CRR + 1.40% per annum for foreign creditors and CRR + 1.48% per annum for domestic creditors. (LK/ZH)