PT ADARO ENERGY Tbk AND SUBSIDIARIES Schedule 542
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS 31 DECEMBER 2014 AND 2013
Expressed in thousands of US Dollars, unless otherwise stated
23. LONG-TERM BANK LOANS continued
a. US1,000,000 Facility Agreement continued
In September 2014, Adaro made full drawdowns of the facility amounting to US1,000,000. As at 31 December 2014, the outstanding balance of the facility was US1,000,000 31 December 2013: USnil and is repayable according to
the following schedule:
Payment schedule year
Payment amount
2015 US44,000
2016 US64,000
2017 US80,000
2018 US116,000
2019 US140,000
2020 US144,000
2021 US412,000
US1,000,000
In accordance with the loan agreement, Adaro is required to maintain certain financial ratios, with which Adaro was in compliance as at 31 December 2014. Adaro is also required to comply with certain terms and conditions with regard to
its Articles of Association, the nature of the business, dividends, corporate actions, financing activities and other matters. Adaro is in compliance with the related terms and conditions.
b. US380,000 Facility Agreement
On 29 May 2013, Adaro entered into a Credit Facility Agreement of US380,000 with several banks consisting of PT Bank ANZ Indonesia, CIMB Bank Berhad Singapore branch, Citigroup Global Markets Singapore Pte. Ltd.,
Chinatrust Commercial Bank Co. Ltd., DBS Bank Ltd., Mizuho Corporate Bank Ltd., Oversea-Chinese Banking Corporation Ltd., Standard Chartered Bank, Sumitomo Mitsui Banking Corporation, The Bank of Tokyo-Mitsubishi
UFJ Ltd. Jakarta branch, The Hongkong and Shanghai Banking Corporation Ltd. and United Overseas Bank Ltd. as Mandated Lead Arrangers, for which DBS Bank Ltd. acts as the facility agent. The Company acted as the guarantor for
this loan facility. This facility has a final maturity date of 29 May 2020 and is payable on a quarterly basis. This facility bears interest at
LIBOR plus a certain percentage. As at 31 December 2014, the outstanding balance of the facility was US327,000 31 December 2013: US362,000
and is repayable according to the following schedule:
Payment schedule year
Payment amount
2015 US34,000
2016 US31,000
2017 US28,000
2018 US24,000
2019 US24,000
2020 US186,000
US327,000
In accordance with the loan agreement, Adaro is required to maintain certain financial ratios, with which Adaro was in compliance as at 31 December 2014. Adaro is also required to comply with certain terms and conditions with regard to
its Articles of Association, the nature of the business, dividends, corporate actions, financing activities and other matters. Adaro is in compliance with the related terms and conditions.
194
PT ADARO ENERGY Tbk AND SUBSIDIARIES Schedule 543
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS 31 DECEMBER 2014 AND 2013
Expressed in thousands of US Dollars, unless otherwise stated
23. LONG-TERM BANK LOANS continued
c. Syndicated Bank Loan
