PALMOILMAGAZINE, JAKARTA — Oil palm plantation company PT Austindo Nusantara Jaya Tbk (ANJT) has further strengthened its financing structure after coming under the control of the Fangiono family. The company has secured a jumbo credit facility worth IDR 4.85 trillion from PT Bank Rakyat Indonesia (Persero) Tbk (BBRI).
ANJT Director and Corporate Secretary Hilman Lukito, in an information disclosure cited on Sunday (21/12/2025), stated that the term loan facility agreement was signed on Friday (19/12/2025).
The loan facility will be utilized by four ANJT subsidiaries with varying credit limits. PT Sahabat Mewah dan Makmur received a ceiling of IDR 1.64 trillion, PT Kayung Agro Lestari IDR 1.39 trillion, PT Austindo Nusantara Jaya Agri IDR 760 billion, and PT Austindo Nusantara Jaya Agri Siais IDR 1.06 trillion.
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Hilman explained that the facility carries an interest rate of 7.5% per annum with a maturity extending to 19 March 2037. The funding is expected to support the group’s long-term financing needs.
“This material transaction is intended to strengthen financial management and support the operational needs of the business group in a more optimal and efficient manner,” Hilman said, as quoted by Palmoilmagazine.com from Emitennews, Monday (22/12/2025).
The loan qualifies as a material transaction, as its value exceeds 50% of the company’s total equity as of December 2024, which stood at US$391.89 million, or approximately IDR 6.54 trillion.
Previously, ANJT had also secured another credit facility worth IDR 1.6 trillion from PT Bank Central Asia Tbk (BBCA) in May 2025. That facility carries an interest rate of 7% per year with a tenor extending to 12 August 2026.
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As background, ANJT was officially acquired by First Resources Limited—an entity owned by the Fangiono family—in May 2025. Following the completion of a mandatory tender offer in September 2025, First Resources now controls 95.92% of ANJT’s shares.
Nevertheless, the company still faces a key regulatory requirement. ANJT has been given up to two years to meet the minimum free float requirement of 7.5% in order to maintain its listing on the Indonesia Stock Exchange, in line with the strengthening of its ownership structure and post-acquisition business expansion. (P2)
