Wintermar Offshore (WINS:JK) Fully Repays USD 45 Million Loan to IFC
2022年12月6日 - 01:00PM
JCN Newswire
On 5th December 2022, Wintermar Group (WINS) fully repaid the
US$45 million loan facility by IFC signed in December 2011. The IFC
loan enabled Wintermar to transform the fleet into higher valued
vessels through the purchase of 8 OSVs. Although the loan maturity
had been extended to 2025, through better cash management the
Company has been able to fully repay the loan early on December
2022.
Sugiman Layanto, Managing Director of WINS said, "Wintermar values
IFC as a partner that has played an important role in the growth of
Wintermar. Our relationship with IFC facilitated the Company's
growth to become a recognised international shipowner and operator
in the Offshore industry. With IFC's support, Wintermar has
continued to develop and reaffirm its best practices in
Environmental, Social as well as Corporate Governance standards. We
are thankful that we have been able to complete this early
repayment of the loan ahead of the repayment schedule. We look
forward to continuing our relationship."
Azam Khan, IFC Country Manager for Indonesia and Timor-Leste said,
"We are very pleased with IFC's long term partnership with
Wintermar. It demonstrates IFC's commitment and continuous support
to local clients even during challenging times. We look forward to
continuing this relationship and supporting the company's new
initiatives such as offshore wind and other renewable energy
endeavors."
Wintermar has in recent months embarked on a fleet expansion
program, with total acquisition of 2 PSVs in 2021 and 1 PSV and 5
AHTS in 2022 through internally generated cash and term loans of
US$14 million. Net gearing after this repayment is still low at
8.9%, providing room for further growth in the coming years.
About Wintermar Offshore Marine Group
Wintermar Offshore Marine Group (WINS.JK), developed over nearly 50
years with a track record of quality that is both a source of pride
and responsibility that we are dedicated to upholding, and sails a
fleet of more than 48 Offshore Support Vessels ready for long term
as well as spot charters. All vessels are operated by experienced
Indonesian crew, tracked by satellite systems and monitored in
real-time by shore-based Vessel Teams.
Wintermar is the first shipping company in Indonesia to be
certified with an Integrated Management System by Lloyd's Register
Quality Assurance, and is currently certified with ISO 9001:2015
(Quality), ISO14001:2015 (Environment) and OHSAS 18001:2007
(Occupational Health and Safety). For more information, please
visit www.wintermar.com.
For further information, please contact:
Ms. Pek Swan Layanto, CFA
Investor Relations
PT Wintermar Offshore Marine Tbk
Tel (62-21) 530 5201 Ext 401
Email: investor_relations@wintermar.com
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