JAKARTA (Yosefardi) – Tower operator PT Tower Bersama Infrastructure Tbk (TBIG) has secured loan facility of US$275 million from ten banks, used to revolving its matured debt by end of this month amounting US$300 million.
The loan facility has tenor of 5 years and 8 months. The company then opts to cancel its plan to issue bonds worth Rp3.1 trillion in the fourth quarter of this year, rescheduled for the second quarter of 2016.
TBIG booked profit of Rp597.9 billion in the first half of 2015, declined 14.2% from Rp697 billion in the corresponding period of 2014. Revenues rose 5.7% to Rp1.67 trillion from previous Rp1.58 trillion.