MPMX Signs Club Deal Dual Tranche Facility Agreement of USD 150 Million and IDR Rp 1,25 Trillion With 8 Banks

MPMX Signs Club Deal Dual Tranche Facility Agreement of USD 150 Million and IDR Rp 1,25 Trillion With 8 Banks

JAKARTA, 18 August 2017 – PT Mitra Pinasthika Mustika, Tbk (IDX Ticker: MPMX, “Company”), Indonesia’s smart mobility company, has signed a Dual Tranche Club Deal Facility of USD 150 Million and Rp 1,25 Trillion. Extending the facility are 8 banks as Mandated Lead Arrangers, which are The Bank of Tokyo-Mitsubishi UFJ, Ltd. (“BTMU”), DBS Bank Ltd. and PT Bank DBS Indonesia, Citibank, N.A., PT Bank ANZ Indonesia, Oversea-Chinese Banking Corporation Limited and PT. Bank OCBC NISP Tbk, and Sumitomo Mitsui Banking Corporation. BTMU is also acting as Facility Agent and Paying Agent.The signing of the banking facility was conducted on 16 August 2017.
 
With regards to the facility, the Company’s subsidiaries are engaged as the Corporate Guarantor, which include PT Mitra Pinasthika Mulia, PT Federal Karyatama, and PT Mitra Pinasthika Mustika Rent.
 
“The signing is a momentous milestone to MPMX as it represents trust and recognition from the banks on our performance and credibility. We would like to extend our deepest gratitude to the Mandated Lead Arrangers in extending the loan to the Company”, MPMX CFO Troy Parwata said.
 
The loan will be utilized by the Company to prepay Senior Notes of USD 200 Million, issued by MPM Global Pte Ltd, the Company’s subsidiary legally based in Singapore, to be implemented on 19 September 2017. In addition, the loan will allow the Company to invest into growth initiatives for MPMX whilst at the same time reducing the Group's overall cost of funds.

 
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About PT Mitra Pinasthika Mustika Tbk
MPM is a leading Indonesian company with a vision to positively impact lives through smart mobility and social integration. By collective power, we aim to deliver the most relevant products and services to the people in our ecosystems through innovation. Our businesses offer a broad spectrum of mobility solutions, from retailing and distributing motorcycles and cars, after-market parts and services, transportation and logistic services, and financial services. MPM is Indonesia’s mobility ecosystem and we will continue to create smarter mobility solutions to help Indonesia integrate better than ever before.
 
For further information, please visit www.mpmgroup.co.id or contact:

Media Inquiries                                                                                 Investor Inquiries

Nataya Ermanti                                                                                  Laura Lu

Corporate Communications                                                            Investor Relations

nataya.ermanti@mpm-ho.com                                                       ir@mpm-ho.com

 

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