Astrindo Nusantara Infrastructure ("BIPI") Refinances Credit Suisse Loan

The success of the funding indicates a high level of investor confidence in the Company's financial performance and cash flows derived from providing the most consistent coal transportation logistics in the integrated energy infrastructure industry.

The funds have been used to fully repay the Company's subsidiary loans at Nixon Investment Pte. Ltd. that were initially raised from Credit Suisse AG Singapore in 2012 and restructured in 2014.

Although the loans had been in default, the Company was current in payments for the entirety of 2018, which facilitated the refinancing process. These actions are part of the Company's efforts in cleaning up its balance sheet and improving its financial liquidity.

According to Ray Anthony Gerungan, Astrindo's President Director, "The refinancing allows Astrindo to now focus on growth opportunities and building upon our very strong cash flows. Our goal is to build more assets and substantially increase the level of our earnings, which have been under restricted due to the terms and conditions of our loans."

In line with the President Director, Michael Wong, Astrindo's Finance Director, said that, "One of the Company's focuses is to increase Company's equity value by refinancing the Company's debts. It is expected that by the new loan will save $7-10 million per year purely from interest."

The success of this refinancing is part of the Company's commitment to continue to optimize all its potential, and to achieve greater performance, in line with the Company's efforts to focus on the energy infrastructure business.

PT Astrindo Nusantara Infrastruktur Tbk ("BIPI") is an investment company that focuses on integrated energy infrastructure that owns and operates mining infrastructure through its subsidiary PT Astrindo Mahakarya Indonesia and Mega Abadi Jayatama PT, which include assets in the form of coal ports, crushers, overland conveyors (OLC).

PT Astrindo Mahakarya Indonesia through its subsidiary PT Mitratama Perkasa and PT Nusa Tambang Pratama have long-term contracts with the largest coal producers in Indonesia, namely PT Kaltim Prima Coal and PT Arutmin Indonesia, while PT Mega Abadi Jayatama partnered with Italthai which is a leading company in Thailand, to operate PT Putra Hulu Lematang.

For further information please contact:

Corporate SecretaryPT Astrindo Nusantara Infrastruktur TbkEmail: [email protected]URL: www.astrindonusantara.com^[1][2]

or

PowerPRChristovita Wiloto & PartnersEmail: [email protected]URL: www.powerpr.co.id^[3][4]

PowerPR | Christovita Wiloto & Partners is an Indonesian integrated communications and investment strategy consulting company.

Topic: Press release summarySectors: Metals/Mining, Energy, Const/Eng^[5][6][7] http://www.acnnewswire.com From the Asia Corporate News Network

Copyright © 2019 ACN Newswire. All rights reserved. A division of Asia Corporate News Network.

References

1. ^{^} [email protected] (www.acnnewswire.com)
2. ^{^} www.astrindonusantara.com (www.astrindonusantara.com)
3. ^{^} [email protected] (www.acnnewswire.com)
4. ^{^} www.powerpr.co.id (www.powerpr.co.id)
5. ^{^} Metals/Mining (www.acnnewswire.com)
6. ^{^} Energy (www.acnnewswire.com)
7. ^{^} Const/Eng (www.acnnewswire.com)