20 May 2021

ELNUSA Signs USD 20,000,000 Short-Term Credit Facility with Bank Mandiri

Jakarta, 20 May 2021 - PT Elnusa Tbk (Elnusa), a subsidiary of PT Pertamina (Persero) together with its subsidiary PT Elnusa Petrofin (EPN) signed a short-term credit facility with Bank Mandiri amounting to USD 20,000,000. The event is conducted online at Graha Elnusa while maintaining strict health protocols. This short-term credit facility is provided to Elnusa as a Borrower, and its subsidiary EPN as a Co-Borrower. The signing was carried out by President Director Elnusa Ali Mundakir, President Director of EPN Haris Syahrudin and Deputy Group Head of Corporate Banking 3 Group Company Companies (Persero) PT Bank Mandiri Tbk Prihanto Herbowo.

This short-term loan facility will be used to support working capital requirements for the company's operations, both from the side of Elnusa as the parent company and subsidiaries such as EPN. With this additional facility, it is hoped that it will be able to strengthen the company's funding aspects in carrying out business operations. This collaboration between Mandiri and Elnusa and EPN is also a form of synergy between BUMN and BUMN subsidiaries which will certainly drive business sustainability going forward

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