JAKARTA – PT Energi Mega Persada Tbk (ENRG) has officially announced an affiliate transaction involving the disbursement of loans to two of its subsidiaries, PT Energi Maju Abadi (EMA) and PT Imbang Tata Alam (ITA). The move is part of the company’s strategic financial management to support its operational entities.
According to an information disclosure filed with the Indonesia Stock Exchange (IDX) on May 22, 2026, the funding for these loans originated from the net proceeds of the company’s Sustainable Public Offering (PUB) I Phase III for the year 2026.
EMA received a loan totaling US$ 11.89 million, equivalent to Rp 210.79 billion. These funds have been utilized by the subsidiary to settle the remaining principal debt owed to PT Bank Mandiri Tbk (BMRI). Meanwhile, ITA was granted a loan of US$ 5.50 million, or approximately Rp 97.54 billion, which has been allocated to pay down a portion of its principal credit facility, also held with Bank Mandiri.
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The distribution of these funds aligns with the planned use of proceeds disclosed in the company’s initial public offering documentation. “Each loan has a maturity period of no later than five years from the disbursement date,” explained ENRG Deputy President Director Edoardus Ardianto in a statement on Friday, May 29, 2026. He added that the loans carry an annual interest rate of 9.25 percent, matching the rate of the company’s Series C bonds issued under the same phase.
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Because ENRG acts as the direct or indirect shareholder for both EMA and ITA, the loan arrangements are classified as affiliate transactions. Management has assured investors that these transactions will not negatively impact the company’s day-to-day operations, legal standing, financial position, or business continuity.
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Summary
PT Energi Mega Persada Tbk (ENRG) has issued loans to its subsidiaries, PT Energi Maju Abadi (EMA) and PT Imbang Tata Alam (ITA), using proceeds from its 2026 Sustainable Public Offering. EMA received US$ 11.89 million, while ITA was granted US$ 5.50 million to settle principal debt obligations held with Bank Mandiri. These loans carry an annual interest rate of 9.25 percent and have a maximum maturity period of five years.
Classified as affiliate transactions, these arrangements align with the company’s previously disclosed use of proceeds. Management confirmed that the funding does not negatively affect the firm’s financial position or business operations. This strategic move is intended to support the financial obligations of its subsidiaries while maintaining the company’s ongoing operational stability.