DEWA - Amendment IDR260 bn syndicated loan

DEWA - Amendment IDR260 bn syndicated loan Darma Henwa (DEWA) signed the second amendment and restatement of its syndicated loan agreement on 29 September 2025 with multiple creditors, including Bank Central Asia, Bank Papua, Bank Sulteng, Bank JTrust, and others. The amended agreement covers Facility D - Time Loan Revolving, adjusting its tenor from 24 months to 36 months, with a maximum facility value of IDR260 bn. The new maturity date is 31 July 2027. (Source : Company) Comment : DEWA extended its IDR260bn syndicated loan tenor to 36 months (due Jul-27), strengthening liquidity and reducing short-term refinancing risk. While leverage remains elevated (2025F D/E: 87.7x), the extension reflects creditor confidence. Further details on interest rate and covenants will provide clarity on funding costs.