Debt Facilities
Debt Facilities
Petra currently has access to the following debt facilities as agreed with its South African Lender Group:
| Item | Terms |
|---|---|
| Facility Size | ZAR1750m RCF |
| Facility Maturity | 7 January 2026 (60 day buffer between the redemption of the Notes and the maturity of the RCF) |
| Lenders Margin | 415 bps |
| Commitment Fee | 125 bps per annum |
Covenants
(Excluding Williamson trading results)
Minimum liquidity of US$ 20 million.
| FY24H1 | FY24H2 | FY25H1 | FY25H2 | FY26H1 | |
|---|---|---|---|---|---|
| Net Debt : EBITDA Leverage ratio (maximum) | 3.50 | 3.50 | 3.25 | 3.25 | 3.00 |
| Interest Cover Ratio (minimum) | 2.50 | 2.50 | 2.75 | 2.75 | 3.00 |
On the 8th August 2025 Petra announced the proposed refinancing of its debt, subject to shareholder approval, including an extension to the maturity date of the Senior Secured Bank Debt to December 2029 and certain other changes to the terms of the Senior Secured Bank Debt, subject to approval by the lender’s credit committee. Please see here for more information: Refinancing Announcement