Signing of Amendment of Credit Agreement between Protelindo, Iforte and KIN with PT Bank UOB Indonesia
Tower · Friday, 18 August 2023 06:00
On August 15, 2023, Protelindo, Iforte and KIN as borrower and PT Bank UOB Indonesia as lender, executed a Amendment Credit Agreement (“Transaction”).
Report on Material Information or facts in relation to the above Transaction, as required under 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-00015/BEI/01-2021, Amendment to Regulation No. I-E on Obligation to Submit Information, is as follows:
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 |
August 15, 2023 |
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2. |
Parties to the Transaction |
1. PT Profesional Telekomunikasi Indonesia (“Protelindo”), a company in which the Company owns 99.9997% of the shares; 2. PT Iforte Solusi Infotek (“Iforte”), a subsidiary in which Protelindo directly owns 99.99% of the shares; 3. PT Komet Infra Nusantara (“KIN”), a subsidiary in which Protelindo directly owns 99.99% of the shares; dan/and 4. PT Bank UOB Indonesia (“UOB”) as a banking institution. |
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3. |
Type of Material Information or Facts |
on August 15, 2023, UOB as the lender and Protelindo, Iforte and KIN as the borrowers have signed the Amendment of Credit Agreement No: 1009/08/2023 (“Credit Agreement” or “Transaction”). |
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4. |
Description of Material Information or Facts |
The parties to the Credit Agrement have agreed to increase the credit facility limits which are available for each Borrower with the following details: - Commitment: - IDR1.300,000,000,000 or its equivalent in United States Dollar or other currencies approved by UOB which is divided into: 1. Revolving Loan Credit Facility which is available for Protelindo, Iforte, and KIN with the following sub-limits: - For Protelindo, shall not exceed IDR1,300,000,000,000; - For Iforte, shall not exceed IDR1,300,000,000,000; dan/and; - For KIN, shall not exceed IDR500,000,000,000. 2. Bank guarantee facility of IDR500,000,000,000 with the following sub-limits: - For Protelindo, shall not exceed IDR500,000,000,000; - For Iforte, shall not exceed IDR500,000,000,000; dan/and - For KIN, shall not exceed IDR300,000,000,000. - Purpose of loan: (a) Revolving Credit Facility : for working capital and/or general corporate purposes of Protelindo, Iforte and KIN. (b) Bank Garansi : for guarantee performance of Protelindo, Iforte and KIN in relation to the contracts or projects. - Final Maturity Date: February 23, 2024 - Governing Laws: Law of Indonesia. |
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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 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. The execution of the Transaction is not a conflict-of-interest transaction of the Company as referred to OJK Regulation No. 42 of 2022 regarding the Affiliated Transaction and Conflict of Interest Transaction (“OJK Rule 42”). 2. The Transaction is not a material transaction as referred to the OJK Regulation No. 17/POJK.04/2020 on Material Transactions and Change of Business Activities. |
Thus we convey the above information and explanation.
Regards,
PT Sarana Menara Nusantara