Signing of Term Loan Credit Agreement with PT Bank Mandiri (Persero) Tbk amounting to IDR 1,472 Trillion

On October 12, 2023, the Company signed a Term Loan Credit Agreement with PT Bank Mandiri (Persero) Tbk with a loan value of up to IDR 1,472 Trillion.

This loan will be use to repay the syndicated loan facility in United States Dollars and syndicated loans in Japanese Yen. This Credit Agreement has a loan term of 84 months. This loan has an interest rate of 7.75% per annum for the first 2 years. After this period ends, the interest rate will calculated based on 3 months JIBOR plus fixed margin.

President Director of BEST, Yoshihiro Kobi, revealed this loan, with a reasonably long maturity and competitive interest rate, this loan will optimize the Company's capital structure and debt management. The signing of this Credit Agreement is an essential step in the Company's financial managament plan which positively impact the Company's business development.

PT Bekasi Fajar Industrial Estate Tbk is a company that develops and manages MM2100 industrial estate in Bekasi, West Java. With more than 30 years of experience in the industry, the Company continuously carries out sustainable development. The Company provides complete infrastructure and facilities to meet the needs of various sectors, including manufacturing, logistics, and data centers.

The Company is committed to support Indonesia's economic growth by continuing to develop its industrial estate business with MM2100 Industrial Town. MM2100 Industrial Town has become an operating place for more than 350 national and multinational companies, making it the best and trusted industrial estate that continues to grow.