Indonesian technology giant PT GoTo Gojek Tokopedia Tbk. (GoTo) announced Thursday that it has entered into a new four-year term loan facility with a total size of Rp 4.65 trillion ($280 million).
GoTo said in a statement the proceeds from the new facility will be used in part, to repay the amount outstanding under the company’s existing facility, which was agreed in November 2022, of which Rp 467 billion was outstanding as of June 2025.
The remaining proceeds will be used for general corporate purposes that drive the company’s growth and will be allocated for investments and working capital requirements.
PT Bank DBS Indonesia and United Overseas Bank Limited are acting as the mandated lead arrangers.
“This new facility strengthens our financial position and provides us with increased flexibility to support the continued growth and efficiency of our ecosystem,
“We are pleased to have the support of our banking partners, and this facility reflects confidence in the strength and resilience of GoTo’s business as we aim to drive growth over the months and years ahead,” said Simon Ho, Chief Financial Officer of GoTo.
Anthonius Sehonamin, Head of Institutional Banking Group, PT Bank DBS Indonesia, said that the bank is delighted to partner with GoTo in supporting their business growth journey.
“This collaboration reflects our role as a trusted partner for business growth, providing innovative financial solutions that empower Indonesia’s digital economy,
“Together, we aim to unlock new opportunities that not only strengthen GoTo’s ventures but also create broader value for communities and the nation’s future economy,” he added.
Harapman Kasan, Wholesale Banking Director, PT Bank UOB Indonesia, said the firm is proud to have stood alongside GoTo since their first loan in 2020, providing strong support as they grew and expanded their business.
He said this facility highlights the importance of building long-term partnerships with leading corporates such as GoTo to support the continued advancement of Indonesia’s digital sector.
“Beyond providing access to capital, UOB seeks to work with our clients in strengthening their foundations for growth and resilience in an evolving economic landscape,
“We bring regional perspective and cross-border capabilities that allow us to partner our clients in contributing to sustainable progress for Indonesia’s economy,” he added.