PT Adaro Energy Tbk (ADRO), through its unit business entity, PT Adaro Indonesia, obtained a US$400 million loan facility from several financial institutions.

Adaro's Corporate Secretary Mahardika Putranto said the company would use the proceeds for early repayment of all outstanding loans held by Adaro Indonesia under a US$1 billion loan facility dated August 24, 2014.

"This loan facility will be paid quarterly and will mature on April 23, 2025 or 5 years after the date the loan facility agreement was granted on April 23, 2021," he said in a press release on Wednesday (28/4).

He added that the company fully guarantees the loan facility.

"With this loan facility, it will have a positive impact on the company's financial condition," he explained.

Adaro Energy controls around 88.467% of Adaro Indonesia's shares.