Dian Swastatica (DSSA) Receives a Loan Ceiling of US$ 150 Million from Bank Woori Saudara

PT Dian Swastatica Sentosa Tbk (DSSA) obtained a loan facility with a ceiling of up to US$ 150 million from PT Bank Woori Saudara Indonesia Tbk (SDRA).

This loan has a term of up to 60 months. In the disclosure of information on the Indonesia Stock Exchange website, this loan facility is guaranteed, among others, by assets belonging to DSSA. "This facility will be used, among others, for the business development of the Company and its subsidiaries," wrote Dian Swastatica's Corporate Secretary, Susan Chandra. This facility causes DSSA's debt to equity ratio to increase by around 8%. On the same day, this Sinarmas Group affiliated issuer also announced a loan facility for its subsidiaries. In connection with the planned takeover of all shares of Dampier Coal (Queensland) Pty Ltd, Stanmore SMC Holding which is an indirect entity of DSSA has signed a syndicated loan agreement with a number of financing institutions. These institutions include Verde Partners, Canyon Capital Advisors LLC, Farallon Capital Asia Pte, Ltd, and several other financial institutions. The commitment value of the facility is US$ 625 million, and will mature in 5 years from the date of the first drawdown.

|•SOURCE•| Articles :KONTAN | Image :TRIBUN |

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