Signing of Amendment of Credit Agreement between Protelindo and Iforte with PT Bank Danamon Indonesia Tbk
Tower · Tuesday, 24 October 2023 05:00
To comply with the OJK Regulation No. 31/POJK.04/2015 on Disclosure of Material Information or Facts by Issuers or Public Companies and the IDX Board of Directors Decree No. Kep-00066/BEI/09-2022, Amendment to Regulation No. I-E on Obligation to Submit Information, we, PT Sarana Menara Nusantara Tbk (the “Company”), hereby submit a Report on Material Information or Facts as follows:
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Name of Issuer or Public Company |
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PT Sarana Menara Nusantara, Tbk. |
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Line of Business |
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- Management Consultancy Activities - Holding Company Activities - Construction of Central Communication |
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Phone |
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0291-431691 / 021-23585500 |
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corpsec@ptsmn.co.id |
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1. |
Date of Occurrence |
October 20, 2023 |
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2. |
Parties to the Transaction |
1. PT Profesional Telekomunikasi Indonesia (“Protelindo”), a company whose 99.9997% shares are directly owned by the Company; 2. PT Iforte Solusi Infotek (“Iforte”), a company whose 99.99% shares are directly owned by Protelindo; dan/and 3. PT Bank Danamon Indonesia Tbk (“Danamon”) as a banking institution; |
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3. |
Type of Material Information or Facts |
On October 20, 2023, Danamon as the lender and Protelindo and Iforte as borrowers, have signed Amendment Agreement of Credit Agreement (“Danamon Credit Agreement” or “Transaction”) in connection with the extension of its final maturity date. |
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4. |
Description of Material Information or Facts |
Based on Danamon Credit Agreement, the parties have agreed to extend the final maturity date to September 12, 2024. |
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5. |
The impact of such event, information or material facts towards operational activities, legal, financial condition, or business continuity of the Issuer or Public Company |
The financing structure above will facilitate both Protelindo and Iforte to get preferential financing terms and conditions. The performance of such Transaction does not have material impact to the operational, legal, financial condition or continuity of the Company's business.
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6. |
Other information |
1. Danamon Credit Agreement is an affiliated transaction as referred to in Clause 6 section (1) letter (d) of OJK Regulation No. 42 of 2022 (“OJK Rule 42”) i.e., a loan agreement provided by the bank. 2. The Transaction is not a conflict of interest transaction of the Company as referred to in OJK Rule 42 and is not a material transaction as referred to in the OJK Regulation No. 17/POJK.04/2020 on Material Transactions and Change of Business Activities. |
Thus we convey the above information and explanation.
Best Regards,
PT Sarana Menara Nusantara Tbk