Wintermar Offshore (WINS:JK) Fully Repays USD 45 Million Loan to IFC
JAKARTA, Dec 6, 2022 - (ACN Newswire) - On 5th December 2022, Wintermar Group (WINS) fully repaid the US$45 million loan facility by IFC signed in December 2011.
- JAKARTA, Dec 6, 2022 - (ACN Newswire) - On 5th December 2022, Wintermar Group (WINS) fully repaid the US$45 million loan facility by IFC signed in December 2011.
- The IFC loan enabled Wintermar to transform the fleet into higher valued vessels through the purchase of 8 OSVs.
- Although the loan maturity had been extended to 2025, through better cash management the Company has been able to fully repay the loan early on December 2022.
- Sugiman Layanto, Managing Director of WINS said, "Wintermar values IFC as a partner that has played an important role in the growth of Wintermar.