Execution of Credit Agreement between Protelindo and Iforte with BNI

Tower · Wednesday, 31 July 2024 07:00

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-00066/BEI/09-2022, 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:


Line of Business	:	- Management Consultancy Activities - Holding Company Activities - Construction of Central Communication
Phone	:	0291-431691 / 021-23585500
email	:	corpsec@ptsmn.co.id

Date of Occurrence

July 29, 2024

Parties to the Transaction

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

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

3. PT Bank Negara Indonesia (Persero) Tbk (“BNI”).

Type of Material Information or Facts

Execution of Credit Agreement dated July 29, 2024 between Protelindo and Iforte as the borrowers with BNI as the lender (“Credit Agreement”).

To guarantee the performance under the Credit Agreement, Protelindo has signed the Corporate Guarantee Agreement dated July 29, 2024, (“Guarantee Agreement”).

Credit Agreement and Guarantee Agreement together will be referred as to "Transaction".".

Description of Material Information or Facts

The following are key terms and conditions under the Transaction:

1. Commitment:

Rp3.000.000.000.000.

2. Purpose of loan:

The Company’s capital expenditure and general corporate purposes.

3. Final Maturity Date:

July 29, 2029.

4. Governing Laws:

Law of Indonesia.

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 performance of such Transaction does not have negative material impact to the operational, legal, financial condition or continuity of the Company's business.

Other information

1. The execution of the Transaction is an affiliated transaction as referred to:

(i) in Clause 6 section (1) letter b point (2) of OJK Regulation No. 42 of 2022 regarding the Affiliated Transaction and Conflict of Interest Transaction (“OJK Rule 42”), i.e. a transaction between the subsidiaries whose at least 99% of their shares are owned by the Public Company;

(ii) Clause 6 section (1) letter (d) of POJK 42, i.e. a loan received directly from bank; and/or

(iii) Clause 6 section (1) letter (e) OJK Rule 42, i.e. a security provided to bank in relation to the loan agreement granted to a public company or subsidiaries.

2. The Transaction is not a conflict-of-interest transaction of the Company as referred to OJK Rule 42 and not a material transaction as referred to the OJK Regulation No. 17/POJK.04/2020 on Material Transactions and Change of Business Activities.