JAKARTA (Yosefardi) – Tower operator PT Tower Bersama Infrastructure Tbk (TBIG) had in November 21, 2014 signed loan facility agreement of US$1.3 billion, equivalent Rp15.81 trillion, with a consortium of banks.
The loan consists of US$1 billion unsecured term and revolving credit which will due in January 2020 and US$300 million unsecured revolving credit with tenor of 360 days.
The loan reflects 406.1% of TBIG’s equity (Rp3.89 trillion) as of June 2014.
The consortium of banks consists of PT Bank ANZ Indonesia, The Bank of Tokyo-Mitsubishi UFJ, Ltd., Jakarta Branch, PT Bank BNP Paribas Indonesia, CIMB Bank Berhad, Singapore Branch, Credit Agricole Corporate and Investment Bank, CTBC Bank Co., Ltd., Singapore, DBS Bank Ltd, The Hongkong and Shanghai Banking Corporation Limited, Oversea-Chinese Banking Corporation Limited, Sumitomo Mitsui Banking Corporation, Singapore Branch, and United Overseas Bank Limited.
While TBIG’s subsidiaries receiving the loan facility are PT Triaka Bersama, PT United Towerindo, PT Metric Solusi Integrasi, PT Telenet Internusa, PT Tower Bersama, PT Tower One, PT Solusi Menara Indonesia, PT Menara Bersama Terpadu, PT Batavia Towerindo, PT Prima Media Selaras, PT Bali Telekom, PT Solu Sindo Kreasi Pratama, and PT Mitrayasa Sarana Informasi.
As of September 2014, TBIG’s assets totaled Rp21.3 trillion while liability amounted Rp16.9 trillion. The company has cash and cash equivalent of Rp579 billion.