Caterpillar provides $50m lease facility to AKT
Saturday, December 22 2012 - 06:36 AM WIB
By Edgar Subroto
PT. Caterpillar Finance Indonesia has agreed to provide a lease facility with a total amount of US$ 50 million to finance purchase of Caterpillar heavy equipments to Central Kalimantan coking coal producer PT Asmin Koalindo Tuhup (AKT).
The facility will be collateralized by the heavy equipment units. The facility will be fully repaid in 36 monthly installment with a six month grace period.
The deal was signed in September 2012.
Editing by Er Audy Zandri