Nov 25, 2010

Japfa secures Rp1 trio loan from BCA

PT Japfa Compfeed Indonesia Tbk secured a Rp1 trillion loan from PT Bank Central Asia Tbk (BCA). The loan consists of Rp750 billion investment credit facility and Rp250 billion working capital credit.
The company made its land and factories as collaterals to get the loan facility whose coordinator is BNP Paribas.
Then, the company’s assets are two fish feed processors in Cirebon and Banyuwangi, also four animal feed mills in Tangerang, Sidoarjo, Lampung, and Sragen.
Furthermore, Japfa also made its machinery equipment and supporting facilities at its animal feed mill in Cirebon as collateral.
In addition, the company made its trade receivables amounting Rp150 billion as well as PT Suri Tani Pemuka’s trade receivables as  collaterals.
“The company will tap the facility on November 30, 2010, which will be followed by a signing of collateral documents on December 8-9 2010,” Christine R. Wibisono, Corporate Secretary of Japfa, stated in an infomation disclosure this afternoon.

Disclosure: No position at the stock mentioned above.

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