Disclosure of Information or Material Facts
The signing of the Term Loan Facility Agreement
- Date of Event: 18th August 2020
- Information Type: Signing of the Term Loan Facility Agreement
- Description of Information:
- Parties involved PT Pelita Samudera Shipping Tbk and Citibank N.A Jakarta Branch
- The total amount of the Term Loan Facility is USD 20,000,000,- with 30 months tenor.
- Explanation, consideration, and reasons for the loan facility: To strengthen the Company’s business activities including the purchase of Bulk Carrier (MV) fleet and to increase the Company’s operating revenue
- Impact of events, material information, or facts on, Operational Activities, Laws, Financial Conditions and Business Continuity: Term loan facility will strengthen the Company’s liquidity, increase the Company’s operational performance, and a positive impact for the Company’s business continuity. There is no material impact in the field of law, as the implementation of the agreement is in accordance with the applicable regulations.
Thus we disclose the material fact in order to comply with the provisions of the Financial Services Authority Regulation No. 31 / POJK.04 / 2015 dated 16 December 2015 concerning Disclosure of Material Information or Facts by Issuers or Public Companies.