206
,-.
IABlE, STrong, EFFICIEnT
PT ADARO ENERGY Tbk AND SUBSIDIARIES Schedule 546
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
c. US750,000 Facility Agreement continued
In accordance with the loan agreement, Adaro is required to maintain certain financial ratios, with which Adaro was in compliance as at 31 December 2013. Adaro is also required to comply with certain terms and conditions in
relation 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.
d. US500,000 amortising Revolving Credit Facility
On 2 October 2009, Adaro entered into an Amortising Revolving Credit Facility with a syndicate of banks consisting of Oversea-Chinese Banking Corporation Ltd, DBS Bank Ltd, Sumitomo Mitsui Banking Corporation Singapore
branch, BNP Paribas Singapore branch, The Bank of Tokyo-Mitsubishi UFJ Ltd Singapore branch, United Overseas Bank Ltd Labuan branch, Chinatrust Commercial Bank Co Ltd Singapore branch, PT Bank ANZ
Indonesia formerly PT ANZ Panin Bank, PT Bank Mandiri Persero Tbk Singapore branch, Standard Chartered Bank Jakarta branch and The Hongkong and Shanghai Banking Corporation Ltd, for which DBS Bank Ltd acts as
the facility agent, in an aggregate amount of US500,000 for capital expenditure purposes. The Company acted as the guarantor for this loan facility.
This facility will be charged with interest rates at LIBOR plus a certain percentage and has a maturity date on the date falling five years after the date of this loan agreement. In June 2013, Adaro refinanced the entire outstanding
loan balance under the facility amounting to US380,000, by entering into a new loan facility agreement of US380,000 refer to Note 21e.
e. 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 loan facility was used for the purpose of refinancing the US500,000 Amortising Revolving credit facility agreement dated 2 October 2009.
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 2013, the outstanding balance of the facility was US362,000 which is repayable according to the following schedule:
Payment schedule year Payment amount
2014 US35,000
2015 US34,000
2016 US31,000
2017 US28,000
2018 US24,000
2019 US24,000
2020 US186,000
US362,000
u r p
r o
F Il
E o
u r
M E
SSA g
E S
o u
r B u
S In
E S
S
o u
r pE
o pl
E
o u
r g
o v
Ern A
n C
E o
ur C
o M
M un
IT IE
S o
u r I
n v
E S
T o
r S
o u
r F
In An
C E
S
1
DAro EnErgy 2013 AnnuAl rEporT
207
PT ADARO ENERGY Tbk AND SUBSIDIARIES Schedule 547
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS 31 DECEMBER 2013 AND 2012
Expressed in thousands of
2
S Dollars, unless otherwise stated
21. LONG-TERM BANK LOANS continued
e. US380,000 Facility Agreement continued
