Please Wait while we set
things up for you!

Signing of the Deed of the Credit Agreement by Iforte with PT Bank Negara Indonesia (Persero), Tbk and guaranteed by Protelindo

Tower · Wednesday, 18 May 2022 12:00

We refer to (i) Financial Services Authority Rule Number 31/POJK.04/2015 dated 16 December 2015, regarding Disclosure on Material Information or Facts by Issuer or Public Companies (“POJK 31”); (ii) Financial Services Authority Rule No.42/POJK.04/2020 concerning Affiliated Transactions and Conflict of Interest (“POJK 42”); and (iii) Decision of Chairman of Bapepam-LK Number Kep-00015/BEI/01-2021, dated 29 January 2021 concerning Amendment of Regulation Number I-E regarding The Obligation of Information Submission (“Regulation IX.E.1”).


We, for and on behalf of PT Sarana Menara Nusantara, Tbk., submit Affiliated Transactions as contemplated under Article 6 paragraph (1) point e of POJK No. 42, as described below:


Name of the Issuer

or Public Company


PT Sarana Menara Nusantara, Tbk. (the “Company”)

Scope of Business


Activities of holding companies, telecommunication central construction and other management consultation activities.



021 - 2358 5500



021 - 2358 6446

Electronic mail





Date of Occurrence

May 13, 2022.



The Parties

1.     PT Profesional Telekomunikasi Indonesia (“Protelindo”);

2.     PT Iforte Solusi Infotek (“Iforte”); and

3.     PT Bank Negara Indonesia (Persero), Tbk. (“BNI”), which is a banking institution that has not any affiliated relations with the Company.



Type of Information or Material Facts

Signing of Deed of the Credit Agreement No. 63 dated May 13, 2022 drawn before Christina Dwi Utami, SH, MHum, Mkn, Notary in Jakarta (“Credit Agreement”) made between Iforte and BNI and signing of Deed of the Corporate Guarantee No. 64 dated May 13, 2022 drawn before Christina Dwi Utami, SH, MHum, Mkn, Notary in Jakarta between BNI and Protelindo (“Corporate Guarantee”).



Description of the Additional Information or Material Fact

On May 13, 2022, Iforte have signed the Credit Agreement with BNI.


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


·       The total amount of loan: is IDR1,000,000,000,000.


·       The purpose: general corporate purposes of Iforte.


·       Term: 60 (sixty) months from the date of the signing the Credit Agreement.


·       Prevailing laws: Indonesian law.


The affiliated transaction mentioned in this Disclosure of Information is with regards to the corporate guarantee provided by Protelindo pursuant to the Corporate Guarantee.


Under the Corporate Guarantee, Protelindo will guarantee Iforte’s obligations in relation with the Credit Agreement and the Corporate Guarantee is made in accordance and pursuant with the laws of Republic of Indonesia.



Affiliated relations between the Parties

-    Protelindo a company which 99.9997% of its shares are directly owned by the Company.


-    Iforte a company which 99.99% of its shares are directly owned by Protelindo.



Consideration and reason of conducting Affiliated Transactions

The signing of the Corporate Guarantee as mentioned above is categorized as an affiliated transaction pursuant to POJK 42.


The financing structure with the concept of providing a corporate guarantee by Protelindo will bring a preferable financing terms and conditions to Iforte.


The corporate guarantee cannot be achieved if Protelindo is not an affiliated party. The facility is expected to support Iforte’s business activities which on a consolidated basis will also have a positive impact on the Company.



The impact of such event, information or material facts towards operational activities, legal, financial condition, or business continuity of the Issuer or Public Company


There is no material impact to the operational activities, legal or financial conditions or the business continuity of the Company due to the signing of the Credit Agreement and the Corporate Guarantee.


Other information

The signing of the Credit Agreement, is not categorized as material transaction as contemplated under Financial Services Authority Rule Number 17/POJK.04/2020 regarding Material Transaction and Change of Main Business Activities (“POJK No. 17/2020”).


Furthermore, the Corporate Guarantee is categorized as an exempted affiliated transaction pursuant to the Article 6 paragraph (1) point b (3) and point e of POJK 42 and therefore the Company is only required to submit its report to OJK no later than 2 (two) working days after the signing of the Corporate Guarantee.


The Credit Agreement and the Corporate Guarantee do not contain conflict of interest as referred under POJK 42.



The Board of Commissioners and Board of Directors of this Company hereby state that the affiliated transaction in this Disclosure of Information have been conducted in accordance with procedures to ensure that this affiliated transaction is in accordance with common business practice, does not contain conflict of interests and the information disclosed above contains material information is true and not misleading.


This disclosure of information is also made to meet the provision under POJK 31.

We hereby conclude the report on information or material facts.


Thank you for your attention and cooperation.

Best regards,

PT Sarana Menara Nusantara, Tbk.