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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
Under this Senior Credit facility agreement, SIS is required to maintain certain financial ratios, with which SIS was in compliance as at 31 December 2013. SIS is also required to comply with certain terms and conditions relating to
its Articles of Association, the nature of the business, corporate actions, financing activities and others. SIS is in compliance with the related terms and conditions.
c. US750,000 Facility Agreement
On 4 July 2011, Adaro, as the Borrower, entered into a syndicated loan facility agreement with several banks the “Lenders” which consisted of DBS Bank Ltd, Oversea-Chinese Banking Corporation Limited, PT Bank Mandiri
Persero Tbk, The Bank of Tokyo-Mitsubishi UFJ Ltd Singapore and Jakarta branch, where PT Bank Mandiri Persero Tbk acts as the facility agent. These facilities consist of a term loan facility of US350,000 and an
amortising revolving loan facility of US400,000, with interest rates at LIBOR plus a certain percentage. These facilities were used for capital expenditure, working capital and other general corporate purposes. The Company
acts as the guarantor of this syndicated loan.
The term loan facility is payable quarterly with the first installment due on 4 October 2012. The availability of the amortising revolving loan facility will be stepped down as set forth in the table below:
Amortising period Maximum available facility
5 July 2012 - 4 July 2013 US400,000
5 July 2013 - 4 July 2014 US378,500
5 July 2014 - 4 July 2015 US352,000
5 July 2015 - 4 July 2016 US317,500
5 July 2016 - 4 July 2017 US275,000
5 July 2017 - 4 July 2018 US227,000
5 July 2018 - 4 July 2020 US218,500
5 July 2020 - 4 April 2021 US149,500
5 April 2021 - 4 July 2021 US0
Both the term loan facility and the amortising revolving loan facility have a maturity date on the tenth anniversary from the date of the loan agreement.
The outstanding balance of the term loan facility was US321,000 2012: US345,500 which is repayable according to the following schedule:
Payment schedule year Payment amount
2014 US18,500
2015 US31,500
2016 US37,500
2017 US43,000
2018 US34,500
2019 US15,000
2020 US67,750
2021 US73,250
US321,000 In 2012, Adaro drew down US100,000 on the amortising revolving loan facility. As at 31 December 2013, the
outstanding balance of this facility was US100,000 2012: US100,000.
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
