204
IABlE, STrong, EFFICIEnT
PT ADARO ENERGY Tbk AND SUBSIDIARIES Schedule 544
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS 31 DECEMBER 2013 AND 2012
Expressed in thousands of S Dollars, unless otherwise stated
21. LONG-TERM BANK LOANS continued
a. Syndicated Loan continued
On 30 September 2010, the Borrowers, the Guarantors and DBS Bank Ltd, as the facility agent, entered into an amendment agreement to amend the maturity date of the term loan facility to 7 December 2015 and all amounts
outstanding under the revolving loan facility shall be deemed to be amounts outstanding under the term loan facility. The margin of interest was increased by a certain percentage. The effective date of this amendment
agreement is 7 October 2010.
The payment schedule for the outstanding term loan as at 31 December 2013, is as follows:
Year Adaro
Coaltrade Total
2014 US73,079
US26,921 US100,000
2015 US65,864
US21,636 US87,500
US138,943 US48,557
US187,500 In accordance with the loan agreements, Adaro, IBT and Coaltrade the “Primary Operating Companies” are
required to maintain certain financial ratios, with which the Primary Operating Companies were in compliance as at 31 December 2013. The Primary Operating Companies are also required to comply with certain terms and
conditions relating to their Articles of Association, the nature of business, dividends, corporate actions, financing activities and other matters. The Primary Operating Companies are in compliance with the terms and conditions.
b. Syndicated Bank Loan
On 18 February 2011, SIS, as Borrower, entered into a Facility Agreement of US400,000 with a syndicate of banks consisting of The Hongkong and Shanghai Banking Corporation Limited, Oversea-Chinese Banking Corporation
Limited, United Overseas Bank Ltd Co, DBS Bank Ltd, Sumitomo Mitsui Banking Corporation Singapore Branch, PT Bank Mandiri Persero Tbk Singapore Branch, The Bank of Tokyo-Mitsubishi UFJ Ltd Jakarta Branch, PT
Bank ANZ Indonesia formerly PT ANZ Panin Bank, Credit Agricole Corporate and Investment Bank, PT Bank Ekonomi Raharja Tbk and Standard Chartered Bank Jakarta Branch as Mandated Lead Arrangers, Chinatrust
Commercial Bank Co Ltd Singapore Branch and Societe Generale Singapore Branch as Lead Arrangers, The Hongkong and Shanghai Banking Corporation Limited as Facility Agent, PT Bank DBS Indonesia as Security Agent
and Oversea-Chinese Banking Corporation Limited and PT Bank OCBC NISP Tbk as Account Banks. The Company, under this Facility Agreement provides a corporate guarantee. This loan is collateralised by the mining service
contract with Adaro. These facilities consist of a term loan facility of US300,000 and a revolving loan facility of US100,000.
This loan facility has a final maturity date of 18 February 2018 and is payable on a quarterly basis from 2014. This facility bears interest at LIBOR plus a certain percentage.
This loan facility was used for refinancing the Senior Credit Facility, financing capital expenditure, paying transaction costs and expenses associated with the facility and for other general corporate purposes.
As at 31 December 2013, the outstanding balance of the revolving loan facility was USnil 2012: US20,000 and the outstanding balance of the term loan facility was US267,000 2012: US300,000, which is repayable according
to the following schedule:
Payment schedule year Payment amount
2014 US750
2015 US45,000
2016 US56,250
2017 US71,250
2018 US93,750
US267,000
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DAro EnErgy 2013 AnnuAl rEporT
205
PT ADARO ENERGY Tbk AND SUBSIDIARIES Schedule 545
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS 31 DECEMBER 2013 AND 2012
Expressed in thousands of
+
S Dollars, unless otherwise stated
21. LONG-TERM BANK LOANS continued
b. Syndicated Bank Loan continued
