Mobile phone distributor PT Trikomsel Oke Tbk (TRIO) has secured revolving credit facility of Rp250 billion and foreign exchange credit of US$70 million from PT UOB Buana Tbk. In total, Trikomsel has sealed Rp859 billion loan facility.
The distributor will use the credit facilities to fulfill working capital and the foreign exchange credit will be utilized to mitigate risk on treasury.
"We obtain 3 year loan facilities," said Trikomsel President Director Sugiono Wiyono as quoted by Investor Daily today. Trikomsel previously sealed US$10 million from UOB Buana last year as well.
Disclosure: No position at the stock mentioned above.
Print This Article