20240108_JSMR_Tanggapan atas Permintaan Penjelasan Bursa_31565779_lamp1.pdf

        Number            AB.PN.06.03.13                                               08 January 2024
        Attachment
        Subject           Response to Request for Explanation



        To.
        Direktur Penilaian Perusahaan
        PT Bursa Efek Indonesia
        Indonesia Stock Exchange Building, Tower I
        Jalan Jend. Sudirman Kav 52-53
        Jakarta 12190

        Referring to the letter from PT Bursa Efek Indonesia (BEi) No: S-00031/BEI.PP2/01-2024
        dated 3 January 2024 regarding Request for Explanation, we hereby provide an explanation
        of the asked questions as follows:
        1. To explain the source of funding for the three Shareholder Loan transactions.
           Providing shareholder loans to PT Jasamarga Balikpapan Samarinda (JBS) and PT
           Jasamarga Kunciran Cengkareng (JKC) used loan facilities owned by PT Jasa Marga
           (Persero) Tbk, while giving shareholder loans to PT Jasamarga Jalanlayang Cikampek
           (JJC) used loan facilities owned by PT Jasamarga Transjawa Toi (JTT).
        2. Are there a term and interest charged on those Shareholder Loans? If yes, please state
           for each Shareholder Loan.
           •   Based on PT Jasamarga Balikpapan Samarinda (JBS) Shareholder Loan Agreement.
               the term of the agreement is from the signing of the agreement by the parties until 31
               December 2024 or no later than 1 month after the Government has paid compensation
               for the land acquisition bailout funds to JBS, whichever occurs first. The loan interest
               rate charged is 8.0% (eight percent).
           •   Based on PT Jasamarga Kunciran Cengkareng (JKC) Shareholder Loan Agreement,
               the term of the agreement is from the date this agreement is signed by the parties until
               30 June 2024 (or until the entire loan facility is paid off, including interest, provision
               fees and fines (if any)), whichever occurs first. The loan interest rate charged is 7.50%
               (seven point five percent).
           •   Based on PT Jasamarga Jalanlayang Cikampek (JJC) Shareholder Loan Agreement,
               the term of the agreement is from the time it is signed by the parties until two years
               after the Investment Syndicated Credit and Sharia Syndicated Financing are repaid by
               JJC (including if repaid by refinancing by another third party) or conversion of the entire
               loan principal by JTT into JTT's capital participation in JJC. The loan interest rate
               charged is Syndicated Credit interest +2% (two percent).
        3. To explain the details of the use of cash deficiency support for the subsidiary PT
           Jasamarga Jalanlayang Cikampek (JJC) amount to IDR 160 billion.
           The SHL loan facility provided to PT Jasamarga Jalanlayang Cikampek (JJC) will be used
           to fulfill JJC's operational capital expenditure (capex) needs.




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