JAKARTA (Yosefardi) – PT Modern Internasional Tbk (MDRN), parent company of 7-Eleven franchiser, mulls to seek loan of Rp200-300 billion for funding its outlets expansion and the acquisition of beverage factory.
The company has secured loan facility of Rp500-600 billion from some banks such as Bank CIMB Niaga, Bank Sinarmas, and Bank Permata. It has also raised Rp300 billion from private placement.
MDRN expects to get 10% revenue contribution from partnership with beverage producer US-based Welch Food Incorporated.
The company currently operates 178 outlets and will add 200 outlets in 2014-2015 period. MDRN targets revenues to grow by 20-30% this year, from Rp1.2 trillion revenues last year.