Indonesian Political, Business & Finance News

TCPI Subsidiary Secures Rp114 Billion Credit Facility

| | Source: FACSEKURITAS.CO.ID Translated from Indonesian | Business

PT Energy Transporter Indonesia, a subsidiary of PT Transcoal Pacific Tbk (TCPI), has obtained an investment credit facility with a maximum value of Rp114.2 billion from a state-owned bank. The facility became effective on 16 July 2026, based on a credit agreement signed by both parties. The company explained that the financing facility consists of one investment credit facility with a maximum limit of Rp114.2 billion. The terms and conditions of the credit are governed by the agreement reached between the company and the bank. In an information disclosure on Thursday, Transcoal Pacific stated that the transaction is not an affiliated transaction, as there is no affiliation between the company and the bank providing the credit facility. The company also mentioned that this investment credit facility will be used to finance the construction of two barges and two tugboats, which is expected to have a positive impact on operational activities by strengthening financing support for the company’s business activities.

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