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Signing of the Master Credit Facility Agreement by PT Profesional Telekomunikasi Indonesia, PT Solusi Tunas Pratama Tbk, PT Iforte Solusi Infotek, PT BIT Teknologi Nusantara, and PT Komet Infra Nusantara with Citibank N.A., Jakarta Branch and guaranteed by PT Profesional Telekomunikasi Indonesia

TOWR · Wednesday, 10 August 2022 12:00

On August 8, 2022, PT Profesional Telekomunikasi Indonesia (“Protelindo”), PT Solusi Tunas Pratama Tbk, PT Iforte Solusi Infotek, PT BIT Teknologi Nusantara, and PT Komet Infra Nusantara, each  as debtors; and Citibank N.A., Jakarta Branch as creditor, executed a Master Credit Facility Agreement No. MCFA/001012/PTSTKIISBT/22072022 (“Loan Agreement”). In order to guarantee the performance under the Loan Agreement, Protelindo, on August 8, 2022, executed Irrevocable Guaranty and Indemity No. CG/001014/PTI/02082022 (“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:

Dear Sir,

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-00015/BEI/01-2021, 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  : PT Sarana Menara Nusantara Tbk ("Company")
Line of Business :

- Management Consultancy activities;

-Construction of Central Communication.

Phone : 0291 - 431691
e-mail : corpsec@protelindo.net

 

1. Date of Occurrence 8 August 2022
2. Parties to the Transaction

1. PT Profesional Telekomunikasi Indonesia (“Protelindo”)

2. PT Solusi Tunas Pratama Tbk (“SUPR”)

3. PT Iforte Solusi Infotek (“Iforte”),

4. PT BIT Teknologi Nusantara (“BIT”)

5. PT Komet Infra Nusantara (“KIN”); and

6. Citibank N.A., Jakarta Branch (“Citibank”)

3. Type of Material Information or Facts

1. Execution of Credit Agreement between Protelindo, SUPR, Iforte, BIT dan KIN, each as debtor (consolidated subsidiaries which is wholly owned directly and indirectly by the Company) and Citibank as the  creditor (“Loan Agreement”).

2. Execution of Corporate Guarantee No. CG/001014/PTI/02082022 by Protelindo in order to guarantee the performance under the Loan Agreement (“Corporate Guarantee”).

4. Description of Material Information or Facts

The following are key terms and conditions under the Loan Agreement:

1. IDR650,000,000,000 (Indonesian Rupiah Six Hundred and Fifty Billion);

2. Purpose of Loan: working capital;

3. Availability Period: 12 (twelve) months; and

4. Governing Laws:  Laws of Republic of Indonesia

The Transaction is not a conflict of interest transaction of the Company as referred to in OJK Regulation No. 42 of 2022 on Affiliated Transaction and Conflict of Interest (“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.

Transaction  is an affiliated transaction as referred to: (i) in Clause 6 section (1) letter (d) of OJK Rule 42, i.e., a  loan agreement from bank, and (ii) letter (e) OJK Rule 42, i.e. a corporate guarantee provided to bank in relation to the loan agreement granted to the Issuer or subsidiaries.

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 disclosed information or material facts do not have material impact to the operational, legal, financial condition or continuity of the Company's business.
6.  Other information  - 

Thus we convey the above information and explanation. 

Best regards,

PT Sarana Menara Nusantara, Tbk.