JAKARTA (Yosefardi) – PT Media Nusantara Citra Tbk (MNCN) has secured syndicated loan of US$150 million, used to fund office and studio establishment project, Bisnis Indonesia reported this morning. The loan has tenor of 3 years.
Deutsche Bank and Standard Chartered act as book runners and mandated-lead arrangers. As of June 2014, MNCN’s liability totaled Rp1.59 trillion, of which short term liability accounted for Rp1.31 trillion.
The company booked net profit of Rp972.98 billion in first half of this year, grew by 2.13%. Its revenues rose 7.67% to Rp3.37 trillion.