PTPN signs loan extension

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By Pan Yue
19 Apr 2021

Indonesia palm oil company Perkebunan Nusantara III (PTPN) has signed an extension agreement for a $390.6m loan after almost a year-long discussion with banks.

The company has gained consent from all its lenders to extend the loan by five years, with the new maturity date being December 31, 2025. The deal also carries an option allowing PTPN to extend the loan by another three years, according to a banker close to the ...

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