Waskita Performs Equal Treatment for All Debt Owners

Waskita Performs Equal Treatment for All Debt Owners

PT Waskita Karya (Persero) Tbk. (Share code: WSKT) is going to carry out equal treatment for all debt owners, both working credit and bond owners, said the SVP Corporate Secretary of the Company, Ermy Puspa Yunita said that the Company is carrying out restructuring as stated in the Master Restructuring Agreement (MRA) as one of the Company's strategies in carrying out financial Restructuring.
penyehatan keuangan.

"Based on the equal treatment, Waskita postponed the payment of Phase IV Sustainable Bonds Interest III. Waskita is not unable to pay the interest on the bonds, but we are delaying its implementation because the Company will conduct a comprehensive review of the implementation of the MRA to optimize the ongoing financial restructuring program," said Ermy.

"During the review process, the Company will submit a standstill request to lenders and bondholders as a form of equal treatment for working capital loans and bonds," added Ermy.

It is in line with the Ministry of State-Owned Enterprises (BUMN). BUMN Deputy Minister II Kartika Wirjoatmodjo said that Waskita was in the restructuring stage due to limited funding for the Completion of ongoing infrastructure projects.

Deputy Minister II, Kartika Wirjoatmodjo said that waskita was in the process of filing with the DPR's Commission VI to obtain PMN. According to him, PMN is expected to accelerate Waskita's restructuring process.

Currently, The Company is carrying out a transformation program. The Company makes efficient ongoing projects and business processes. The Company is committed to strengthening the implementation of Good Corporate Governance, prioritizing a profitable and sustainable business, and implementing prudent risk management.

Waskita Karya

Waskita Karya

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