Mitra Pack lands Rp48B credit line from Bank Mandiri, refinances Hana debt
What's the deal? Indonesia's PT Mitra PackDealroom has a profile for this one. Try Dealroom → Tbk (PTMP) has secured a Rp48 billion (roughly $2.7 million) credit facility from Bank MandiriDealroom has a profile for this one. Try Dealroom →, signed on July 24, 2026. The post-IPO debt package covers working capital for the packaging distributor's trading and machinery operations.
The details: The financing splits into two revolving working-capital lines. One reaches a total limit of Rp41.5 billion — including a Rp25 billion takeover of an existing facility from Bank KEB Hana — while the second totals Rp6.5 billion.
The loans carry a 14% floating annual rate, run for 12 months, and are secured by fixed and non-fixed assets under a cross-default arrangement. Interest is paid on the 15th of each month.
Why now? Mitra Pack said the funds will support expansion of its consumable and non-consumable packaging business. The Bank KEB Hana takeover consolidates existing debt under a single lender.
What could go wrong? The company classified the deal as a material transaction, exceeding 20% but under 50% of its total equity as of December 31, 2025. It flagged that periodic interest and principal payments will weigh on operating cash flow.
The signal: As debt financing rather than an equity raise, the facility avoids diluting shareholders — a route smaller listed firms often favour to fund growth without issuing new stock. For Mitra Pack, refinancing under Bank Mandiri signals a bet on cheaper, consolidated credit to bankroll its next phase.
Read more: pintarsaham.id
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