JAKARTADAILY.ID -- The publicly-listed mining company PT energy">Indika energy Tbk reported that its indirect subsidiary PT Kariangau Gapura Terminal Energi (KGTE), a mining infrastructure developer, has secured a Syndicated loan of US$70 million for refinancing purposes from a number of commercial banks.
Indika, which fully owns KGTE through its subsidiary PT energy">Indika energy Infrastructure, said in a press statement on Thursday that the Syndicated loan was signed on 29 December 2021. Provided by PT bank Mandiri Tbk, PT bank Nasional Indonesia Tbk, and PT bank UOB Indonesia, with a tenor of 5.5 years until 31 December 2026, the Syndicated loan will bear interest at LIBOR 3M plus 2.5 percent per annum.
KGTE will use the loan to repay its loan to Indika Capital Pte. Ltd.
energy">Indika energy said that the security documents for the Syndicated loan consist of collateral of fixed assets owned by KGTE and PT Interport Mandiri Utama.
KGTE operates a terminal of oil fuel storage for US major ExxonMobil in Balikpapan, East Kalimantan. The terminal started commercial operations in November 2020 with a capacity of 75 million liters of diesel fuel, 13 million liters of mogas and 8 million liters of biodiesel. (*)