PT GoTo Gojek Tokopedia Tbk. (“GoTo” or the “Company”, IDX: GOTO), Indonesia’s largest digital ecosystem has entered into a new four-year term loan facility totaling Rp4.65 trillion. PT Bank DBS Indonesia and United Overseas Bank Limited (UOB) serve as the mandated lead arrangers for the loan.

Details of the New Four-Year Loan and Repayment Plan

The proceeds from the Rp4.65 trillion facility will partly repay the outstanding amount of Rp467 billion under the Company’s existing facility, agreed in November 2022. The remaining funds will be used for general corporate purposes, including investments and working capital to support GoTo’s growth.

Statements from GoTo and Banking Partners on Financial Strength

Simon Ho, Chief Financial Officer of GoTo, said: “This new facility strengthens our financial position and provides us with increased flexibility to support the continued growth and efficiency of our ecosystem.” He added that the facility reflects confidence in the strength and resilience of GoTo’s business as it aims to drive growth in the future.

Anthonius Sehonamin, Head of Institutional Banking Group at PT Bank DBS Indonesia, stated, “We are delighted to partner with GoTo in supporting their business growth journey. This collaboration reflects our role as a trusted partner for business growth, providing innovative financial solutions that empower Indonesia’s digital economy.”

Harapman Kasan, Wholesale Banking Director at PT Bank UOB Indonesia, said, “We are proud to have stood alongside GoTo since their first loan in 2020, providing strong support as they grew and expanded their business.” He highlighted the importance of long-term partnerships with leading corporates like GoTo to support Indonesia’s digital sector.

Profiles of Lead Arrangers: PT Bank DBS Indonesia and UOB Indonesia

PT Bank DBS Indonesia is part of the Singapore-based DBS Group, recognized for global leadership and digital banking innovation. The bank operates multiple branches and offices in Indonesia, providing comprehensive banking services focused on customer experience.

UOB Indonesia, a subsidiary of UOB Group, operates 91 branches and 108 ATMs across 42 cities in 16 provinces. The bank offers various banking products, including digital banking services through TMRW, and supports corporate clients with a full suite of commercial products. UOB Indonesia is rated AAA (idn) by Fitch Ratings.

PHOTO: GOTO

This article was created with AI assistance.