JAKARTA (Yosefardi) – PT Profesional Telekomunikasi Indonesia (Protelindo) and Protelindo Finance BV, subsidiaries of PT Sarana Menara Nusantara (TOWR), have signed refinancing facilities of US$475 million and 40 million euro.
Signed on May 20, 2013, creditors of the facilities are DBS Bank Ltd, ING Bank NV (Singapore branch), Standard Chartered Bank, OCBC, BoA, BNP Paribas, CIMB Bank Berhad, Sumitomo Mitsui Banking Corporation, the Royal Bank of Scotland, JP Morgan Chase Bank, PT Indonesia Infrastructure Finance, and others.
Protelindo uses the facilities to refinance US$575 million and 40 million euro facilities signed with DBS Bank, Standard Chartered Bank, and ING Bank in December 2012.
USD portion of the facilities carry interest rate of LIBOR + 3.4%, 3.15%, or 2.95%, depending on financial ratios, while euro portion carries EUROBOR + 2.5% per annum. These facilities due on May 20, 2018.