Tuesday, 30 November 2021

Garudafood’s Bilateral Cooperation with BNI

Jakarta, 30 November 2021 - PT Bank Negara Indonesia (Persero) Tbk. (BBNI) provided financing of Rp. 1 trillion to PT Garudafood Putra Putri Jaya, Tbk (GOOD). This bilateral credit facility will be used to acquire club deals from several banks for GOOD to acquire shares of PT Mulia Boga Raya, Tbk as well as to finance long-term bank loans. Through this financing, BNI provides investment credit facilities for a period of 60 months.

In the future, the comprehensive business cooperation between the two parties is expected to optimize the company's value chain financing potential, cash management, payment channels, and employee consumer products, both funds, and loans, by providing solid digital solutions for GOOD through BNI's fast-growing digitalization transformation.

On the other hand, the provision of this investment credit facility was made official through the signing of a credit agreement between the Head of the Corporate Banking 1 Division, I Made Sukajaya, and the President Director of Garudafood, Hardianto Atmadja, at Grha BNI on 22 November 2021.