Signing of the Credit Agreement between Protelindo and Iforte with PT Bank Mandiri (Persero) Tbk

Tower · Thursday, 14 March 2024 06:00

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:

Name of Issuer or Public Company

:

PT Sarana Menara Nusantara, Tbk.

Line of Business

:

-  Management Consultancy Activities

-  Holding Company Activities

-  Construction of Central Communication

Phone

:

0291-431691 / 021-23585500

email

:

corpsec@ptsmn.co.id

 

1.

Date of Occurrence

March 8, 2024

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; dan/and

3. PT Bank Mandiri (Persero) Tbk (“Mandiri”) as a banking institution.

3.

Type of Material Information or Facts

 On March 8, 2024, Protelindo and Iforte as the borrowers have signed the Credit Agreement with Mandiri as a lender (“Credit Agreement” or “Transaction”).

4.

Description of Material Information or Facts

1.The following are several important information in connection with the Credit Agreement:

- Total Facility:  IDR2,400,000,000,000.-.

- Purpose of loan: general corporate purposes including but not limited to refinance the bonds and existing loan.

- Final Maturity Date: Maximal 3 (three) years after signing date of the agreement.   

- Governing Laws:  Law of Indonesia.

2.  Protelindo and Iforte are jointly liable for their obligations under the Credit Agreement.

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.

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.

PT Sarana Menara Nusantara Tbk