108 104
The facilities are secured by, among others, the following: -
First Priority Mortgage on 5 five unit tankers owned, namely, Soechi Chemical VII Ship, Soechi Chemical XXI, Alina XXIII Ship, Alice XXV and Success Victory XXXIV Ship.
- Personal Guarantee from Paulus Utomo and Go Darmadi.
- Collateral in the form of 4 parcels of land and buildings.
2. PT BANK MANDIRI PERSEROTBK “MANDIRI”
Investment Credit Facility I Deed of Investment Credit Agreement No. 68 dated 28 October 2009 and any amendment thereof,
which approved the financing of credit take-over from Bank Artha Graha, with a total value of Rp 30,000,000,000.00 for a period of 5 five years, i.e., up to 27 October 2014, that is subject to an annual
interest rate of 11 per annum. Working Capital Credit Facility
Deed of Working Capital Credit Facility No. 67 dated 28 October 2009 and any amendment thereof, which approved grant of an additional working capital totaling Rp 4,800,000,000.00 for a period from 28
October 2009 – 27 October 2014 that is subject to an annual interest rate of 11 per annum. The facilities are secured by, among others:
-
Collateral in the form of five units of ships owned, namely: Motor Tanker Soechi Prestasi, Motor Tanker Soechi Chemical-I, Motor Tanker Silvia XII, Beaver and, Barge MOS I.
- Fiduciary lien on trade receivables
- Fiduciary lien on inventorystocks
- Collateral in the form of 9 parcels of land and building
- Personal guarantee from all shareholders.
Investment Credit Facility III Deed of Investment Credit Facility No. 06 dated 28 December 2009, which approved the financing for
the purchase of a tanker with a total value of USD 44,200,000.00 for a period from 28 December 2009 – 27 June 2018, which is subject to an annual interest rate of 6.5 per annum.
This facility is secured by, among others, the following:
-
Collateral in the form of 1 unit of ship, namely, VLCC Mt. Arenza XXVII
-
Fiduciary lien on ReceivablesBills.
-
Corporate Guarantee from PT Armada Bumi Pratiwi Lines
-
Personal Guarantee from all shareholders
-
Fiduciary lien on inventorystock
-
Collateral in the form of 9 parcels of land and buildings, which are pledged as cross-collateral with cross default clause.
3. PT BANK OCBC NISP INDONESIA TBK “NISP” Overdraft and Bank Guarantee Credit Facilities
Deed of Credit Agreement No. 06 dated 7 October 2011 and any amendment thereof which approved the financing of working capital requirement totaling Rp 5,000,000,000.00 and the issuance of Bank
Guarantee to SOKL’s related parties with a limit of USD 600,000.00 for a period from 7 October 2011 – 7 October 2014. The overdraft facility is subject to an interest calculated based on Prime Lending Rate
for 1 one month + 0.70 zero point seven zero percent. Term Loan 1, Term Loan 2 and Term Loan 3 Credit Facilities
Deed of Credit Agreement No. 07 dated 7 October 2011, which approved the refinancing of SOKL’s credit facilities from PT Bank International Indonesia Term Loan 1 totaling USD 1,500,000.00 and the
financing to meet vessel operational requirements Term Loan 2 totaling USD 1,500,000 and Term Loan 3 totaling USD 2,000,000, each with a period of 4 four years since the date of first withdrawal.
The facilities are subject to an annual floating interest rate ranging from 5.75 to 5 per annum.
109 104
105 The facilities are secured by, among others:
- First Priority Mortgage on one ship: Tanker Alis XVII
- Personal Guarantee from Paulus Utomo and Go Darmadi
4.
OVERSEA-CHINESE BANKING CORPORATION LIMITED “OCBC Limited”
Facility Agreement dated 31 October 2013, which approved the partial financing of the purchase of ship, with a total value of USD 25,200,000.00 for a period from 31 October 2013 – 31 October 2018.
The facility is subject to an interest rate calculated as follows for OCBC NISP: LIPOR plus a margin of 5.738 per annum and calculated as follows for OCBC Limited: in accordance with the interest rate
applicable in OCBC Limited and as determined by the Monetary Authority of Singapore plus a 3.5 margin.
This facility is secured by, among others, the following: -
Collateral in the form of 1 unit of ship, namely, Success Fortune XL -
Personal Guarantee from Paulus Utomo and Go Darmadi -
Corporate Guarantee from the Company.
5. PT BANK ARTHA GRAHA INTERNASIONAL TBK “BAGI”
Fixed Loan I Credit Facility Deed of Credit Agreement No. 40 dated 28 July 2010 and all amendments thereof, which approved the
refinancing with a total value of USD 6,000,000.00 for a period from 28 July 2010 – 28 July 2014, which is subject to an annual interest rate of 8 per annum.
Revolving Loan I Credit Facility Deed of Credit Agreement No. 23 dated 10 November 2010 and all amendments thereof, which
approved the financing of working capital with a total value of USD 1,000,000.00 for a period that will end on 10 November 2014 that is subject to an annual interest rate of 8 per annum.
Fixed Loan II Credit Facility Deed of Credit Agreement No. 12 dated 12 January 2011 and all amendment thereof, which approved
an investment financing with a total value of USD 4,550,000.00 for a period from 12 January 2011 – 12 January 2015 that is subject to an annual interest rate of 8 per annum.
Fixed Loan III Credit Facility Deed of Credit Agreement No. 88 dated 21 November 2011, which approved the financing of working
capital with a total value of USD 2.000.000,00 for a period from 21 November 2011 – 21 November 2015 that is subject to an annual interest rate of 8 per annum.
Revolving Loan II Credit Facility Deed of Credit Agreement No. 87 dated 21 November 2011 and all amendment thereof, which approved
the financing of working capital with a total value of USD 1,000,000.00 for a period that will end on 10 November 2014, and is subject to an annual interest rate of 8 per annum.
Fixed Loan IV Credit Facility Deed of Credit Agreement No. 96 dated 19 September 2012 and all amendment thereof, which
approved the financing of working capital with a total value of USD 4,373,600.00 for a period from 19 September 2012 – 19 September 2017 and is subject to an annual interest rate of 8 per annum.
Fixed Loan V Credit Facility Deed of Credit Agreement No. 46 dated 11 April 2013 and all amendment thereof, which approved the
financing of working capital with a total value of Rp 74,690,000,000.00 for a period from 11 April 2013 – 15 April 2019 and is subject to an annual interest rate of 15.25 per annum.
Revolving Loan III and IV Credit Facilities Deed of Credit Agreement No. 135 dated 20 July 2012 and all amendment thereof, which approved the
financing of working capital; the Revolving Loan III has a limit of Rp 37,000,000,000.00 and Revolving
