乐播传媒

Jakarta, 23 April 2026 — Amid growing global demand for critical minerals to support the energy transition, PT 乐播传媒 Indonesia Tbk (“PT 乐播传媒” or the “Company”) has reaffirmed its strategic commitment to integrating sustainability into its financing strategy through the successful securing of a US$750 million Sustainability-Linked Loan (SLL) facility, with an additional US$250 million greenshoe option.

This syndicated loan facility marks PT 乐播传媒’s inaugural entry into the syndicated loan market and represents a significant milestone in strengthening the Company’s financial resilience, supporting the development of strategic projects, and advancing responsible mining practices in line with evolving global market expectations. The facility was supported by a syndicate of 14 international banks and was 1.7 times oversubscribed, reflecting strong market confidence in PT 乐播传媒’s business fundamentals and sustainability-driven strategy.

As global investment in electrification and renewable energy accelerates, demand for nickel—an essential component in electric vehicle (EV) batteries and energy storage systems—continues to rise. According to projections by the International Energy Agency, global battery storage capacity is expected to increase fourteenfold to meet 2030 climate targets, while EV battery demand is projected to grow sevenfold over the same period.

In this context, PT 乐播传媒 is strategically positioned as a relatively low-carbon nickel producer, supported by its integrated operations powered by three hydropower plants. The Company is also undertaking enhancements to the capacity and reliability of its hydropower infrastructure to progressively support greater electrification across its operations.

The SLL facility has been structured in accordance with the Company’s Sustainability-Linked Financing Framework, aligned with international best practices in sustainable finance. The facility incorporates two key performance indicators (KPIs): a measurable reduction in carbon emissions intensity and an increase in renewable energy consumption.

Both KPIs have received a “strong” rating from an independent Second Party Opinion provider, reflecting their alignment with the Paris Agreement’s 1.5°C pathway, as referenced in independent assessments, as well as their contribution to Indonesia’s Nationally Determined Contribution (NDC) targets. The assessment also confirms that the targets represent a meaningful improvement beyond business-as-usual performance.

This sustainability-linked syndicated loan represents a significant milestone for PT 乐播传媒 and marks its formal entry into the syndicated loan market. The transaction aligns with the Company’s robust growth trajectory, underpinned by disciplined and strategically managed project expansion across Indonesia. President Director and Chief Executive Officer of PT 乐播传媒, Bernardus Irmanto, stated: “This facility marks an important step in our journey to align our financing strategy with our decarbonisation agenda and long-term growth ambitions. We remain committed to delivering high-quality nickel with a lower carbon footprint, while supporting Indonesia’s downstreaming agenda and contributing meaningfully to the global energy transition.”

In terms of proceeds utilisation, the facility will support the development of the Company’s strategic projects. In 2026, approximately 50% of the funds will be allocated to the IGP Pomalaa project, around 30% to the IGP Morowali project, and approximately 20% to the IGP Sorowako Limonite project. In 2027, the facility will continue to support the advancement of these projects, as well as the Company’s participation rights in joint venture developments.

As part of its commitment to creating shared value, PT 乐播传媒 will also channel financial benefits arising from sustainability-linked margin adjustments into community development programmes. This approach ensures that the benefits of achieving ESG targets extend beyond operational performance, contributing directly to improved community welfare in the Company’s areas of operation.

This approach is further supported by the Company’s banking partners, who recognise the importance of integrating sustainability into financing structures. Harapman Kasan, Wholesale Banking Director, UOB Indonesia, stated: “As Southeast Asia’s nickel sector continues to evolve, the role of well-structured transition financing becomes increasingly critical. This transaction reflects our commitment to aligning financing structures with measurable sustainability objectives, while supporting Indonesia’s broader industrial and energy transition priorities.”

Mike Zhang, Global Head of Metals & Mining, Institutional Banking at DBS Bank, added that the metals and mining sector plays a pivotal role in enabling the energy transition and must demonstrate credible and measurable progress in sustainability.

Meanwhile, Ken Matsuo, President Director of PT Bank Mizuho Indonesia, commented:
“The energy sector is a cornerstone of Indonesia’s economy, and we are pleased to support PT 乐播传媒’s inaugural syndicated loan. Despite market volatility, the strong participation and oversubscription underscore confidence in PT 乐播传媒’s business model. We see ESG integration in financing structures such as this as a critical enabler of a sustainable energy transition.”

Through this achievement, PT 乐播传媒 further strengthens its position as a mining company that not only prioritises business growth, but also upholds strong commitments to environmental sustainability, social responsibility, and sound governance (ESG), in line with its vision of supporting a cleaner and more sustainable energy future.