PT Chandra Daya Investasi Tbk (CDIA) has officially agreed to an amendment to the credit agreement with two of its subsidiaries, namely Aster Port and Terminal Pte. Ltd. (APT) and Aster Power Pte. Ltd. (APPL). Under the agreement signed on June 30, 2026, the issuer under the Barito Group increased its loan ceiling by a total of US$12.25 million.
For Aster Port and Terminal (APT), CDIA increased the loan facility from the original US$80 million to US$87.45 million. These additional funds are focused on supporting the operational needs of the port and terminal business managed by the entity.
Meanwhile, for Aster Power Pte. Ltd. (APPL), the loan ceiling increased from US$60 million to US$64.8 million. The additional funds are projected to support operational activities as well as accelerate business expansion in the power and renewable energy sectors.
In addition to increasing the ceiling, this amendment also provides flexibility in the form of a debt-to-equity conversion option for each subsidiary. However, CDIA management has capped the conversion; share ownership in APT is limited to a maximum of 16.5%, while in APPL it is limited to a maximum of 20% of issued and paid-up capital.
CDIA management confirmed that this corporate action is categorized as an affiliated transaction due to common shareholder control among CDIA, APT, and APPL. All of these entities are part of the Chandra Asri business group under the control of tycoon Prajogo Pangestu.
