B-LOG unit lands $5.5M BCA loan for cold-chain expansion
What's the deal? PT Simpan Sini Aja (SSA), a subsidiary of Indonesian logistics firm PT Trimitra Trans Persada (BLOG), has secured an additional US$6.51M investment loan from PT Bank Central Asia (BBCA)Dealroom has a profile for this one. Try Dealroom →. The facility, dubbed Investment Loan 2, was signed on November 10, 2026.
Where the money goes: The loan supports operations, land purchases, warehouse construction, and the refinancing of forklift units, according to BLOG president director Maickel Tilon. It includes a sublimit of up to US$977.1K for forklifts.
By the numbers: After the addition, SSA's facility portfolio spans a US$651.4K local credit line, Investment Loan 1 of US$6.51M, and Investment Loan 2 of US$6.51M. The borrowings are secured against motor vehicles, forklifts, and land held under Building Use Rights certificates in West Bandung, Central Java, and West Kalimantan.
Why now? The facility is part of B-LOG's cold-chain buildout. It reported US$47.7M in first-half 2026 revenue, opened four smart cold-storage sites during the year, and ran a debt-to-equity ratio of 0.6 — leaving headroom for bank borrowing.
How big a deal? Modest. BLOG said the facility is not expected to have a material impact on its financial condition, legal position, or business continuity, framing it as incremental financing rather than a standalone event.
The signal: Investor appetite for Indonesian cold-chain capacity is growing, from I Squared CapitalDealroom has a profile for this one. Try Dealroom →'s planned CellaDealroom has a profile for this one. Try Dealroom → acquisition to a Peregrine–Sinar Primera venture. B-LOG's debt-funded expansion shows established operators racing to lock in capacity as competition heats up.
Read more: idnfinancials.com
Image credit: USDAgov
