Investor Relations / Company Update / Investor News / PT Hartadinata Abadi Tbk Secures Syndicated Financing Facility of Rp2.4 Trillion from PT Bank Negara Indonesia (Persero) Tbk
31 Dec 2022
Bandung, December 29, 2022 – PT Hartadinata Abadi Tbk (HRTA), an integrated gold jewelry manufacturer in Indonesia, signed a syndicated financing agreement worth Rp2.4 trillion with PT Bank Negara Indonesia (Persero) Tbk (BBNI) in Jakarta on Tuesday, December 27, 2022. BBNI serves as the Mandated Lead Arranger & Bookrunner (MLAB) in collaboration with other banks.
The funds from this agreement will be used by the company for additional working capital with the aim of improving the company's operational performance. The syndicated financing facility has a tenure ranging from 12 months to 48 months with an interest rate of JIBOR 1 month + 3% per annum. This interest rate is lower compared to the average interest expense from the company's existing bank credit facilities and bonds.
Sandra Sunanto, the CEO of HRTA, explained that the syndicated financing is evidence of the trust placed by major financial institutions in Indonesia in the company's growth prospects. This achievement marks an important milestone in enhancing HRTA's corporate image, allowing it to elevate its status to an international-scale company in the future. Sandra is optimistic that support from syndicated financing will further boost business growth in 2023, despite uncertainties such as economic crises and geopolitical challenges.
With the strategic achievements made by the company, HRTA has now solidified its position as the most integrated gold jewelry and pure gold company in Indonesia, spanning from the midstream to downstream industries.
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About PT Hartadinata Abadi Tbk (HRTA)
As a manufacturer and provider of gold jewelry that has gained the trust of stakeholders for over 33 years, HRTA is a major player in the Indonesian gold jewelry industry. HRTA operates an integrated business model, including four manufacturing plants, a precious metal refinery, wholesale and retail sales, as well as an e-commerce platform (emaskita.id) and a gold pawnshop network.
This integrated business model provides a competitive advantage with a secured market presence. Since its establishment, HRTA has built relationships with over 900 gold shops across Indonesia. For more information, visit www.hartadinata.co.id or follow the official Instagram account @hartadinata.abadi.
For further information, please contact:
Ong Deny
Corporate Secretary
PT Hartadinata Abadi Tbk
Phone: (022) 5402326 / 5403002 Email: [email protected] / [email protected]
Website: www.hartadinataabadi.co.id
The funds from this agreement will be used by the company for additional working capital with the aim of improving the company's operational performance. The syndicated financing facility has a tenure ranging from 12 months to 48 months with an interest rate of JIBOR 1 month + 3% per annum. This interest rate is lower compared to the average interest expense from the company's existing bank credit facilities and bonds.
Sandra Sunanto, the CEO of HRTA, explained that the syndicated financing is evidence of the trust placed by major financial institutions in Indonesia in the company's growth prospects. This achievement marks an important milestone in enhancing HRTA's corporate image, allowing it to elevate its status to an international-scale company in the future. Sandra is optimistic that support from syndicated financing will further boost business growth in 2023, despite uncertainties such as economic crises and geopolitical challenges.
With the strategic achievements made by the company, HRTA has now solidified its position as the most integrated gold jewelry and pure gold company in Indonesia, spanning from the midstream to downstream industries.
###
About PT Hartadinata Abadi Tbk (HRTA)
As a manufacturer and provider of gold jewelry that has gained the trust of stakeholders for over 33 years, HRTA is a major player in the Indonesian gold jewelry industry. HRTA operates an integrated business model, including four manufacturing plants, a precious metal refinery, wholesale and retail sales, as well as an e-commerce platform (emaskita.id) and a gold pawnshop network.
This integrated business model provides a competitive advantage with a secured market presence. Since its establishment, HRTA has built relationships with over 900 gold shops across Indonesia. For more information, visit www.hartadinata.co.id or follow the official Instagram account @hartadinata.abadi.
For further information, please contact:
Ong Deny
Corporate Secretary
PT Hartadinata Abadi Tbk
Phone: (022) 5402326 / 5403002 Email: [email protected] / [email protected]
Website: www.hartadinataabadi.co.id
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Jl. Kopo Sayati 165 Kab. Bandung 40228
Kab. Bandung, Jawa Barat
Kab. Bandung, Jawa Barat
Telp.
(022) 5402326
Email.
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Telp/ WA : +62 812-2425-9824
Telp/ WA : +62 812-2425-9824
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No.52-53 12190
Jakarta
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No.52-53 12190
Jakarta
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