The signing of Amendment of Facility Agreement between PT Profesional Telekomunikasi Indonesia and PT Iforte Solusi Infotek as the Borrower with PT Bank Maybank Indonesia, Tbk
Tower · Monday, 4 November 2024 12:00
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:
Name of Issuer or Public Company |
: |
PT Sarana Menara Nusantara, Tbk. |
Line of Business |
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- Management Consultancy Activities - Holding Company Activities - Construction of Central Communication |
Phone |
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0291 – 431 691 / 021 – 2358 5500 |
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: |
1. |
Date of Occurrence |
October 31, 2024 |
2. |
Parties to the Transaction |
1. PT Profesional Telekomunikasi Indonesia (“Protelindo”), a company whose 99.9997% shares are directly owned by the Company; 2. PT Iforte Solusi Infotek (“Iforte”), a company whose 99.99% shares are directly owned by Protelindo; dan/and 3. PT Bank Maybank Indonesia, Tbk. (“Maybank”) as a banking institution. |
3. |
Type of Material Information or Facts |
On October 31, 2024, Maybank as the lender and Protelindo and Iforte as the borrower, have signed (i) Amendment of Credit Agreement (“Maybank Credit Agreement”) and (ii) Amendment of Foreign Exchange Transaction Agreement (“Maybank Foreign Exchange Transaction Agreement” and together with Maybank Credit Agreement shall be referred as “Transaction”) in connection with the extension of its final maturity date. Protelindo and Iforte have agreed to be jointly and severally liable for the performance of all obligations under the Maybank Credit Agreement. |
4. |
Description of Material Information or Facts |
The following are several important information in connection with the Transaction: (a) Extension of final maturity date to October 10, 2025; (b) According to the Maybank Credit Agreement, Protelindo and Iforte are jointly liable for their obligations under the Maybank Credit Agreement. |
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 performance of such Transaction does not have negative material impact to the operational, legal, financial condition or continuity of the Company's business. |
6. |
Other information |
1. Maybank Credit Agreement is an affiliated transaction as referred to (i) in Clause 6 section (1) letter b point (2) of OJK Regulation No. 42 of 2022 (“OJK Rule 42”), i.e. a transaction between the subsidiaries whose at least 99% of their shares are owned by the Public Company, (ii) in Clause 6 section (1) letter (d) of OJK Rule 42, i.e., a loan agreement from bank., and (iii) in Clause 6 section (1) 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. 2. The Transaction is not a conflict of interest transaction of the Company as referred to in 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. |
Thus we convey the above information and explanation.
PT Sarana Menara Nusantara Tbk