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Banking Facilities

As at 30 June 2018 Petra had bank facilities (excl. FX lines) of ca. $109.0 million1.

The Group had bank debt facilities undrawn and available as at 30 June 2018 of US$2.3 million, in addition to US$235.0 million cash at bank.

Lender Type Size
(ZAR M)		 Size
(US$M equivalent1)		 Utilised at
31 Mar 2018
(ZAR M)/(US$M equivalent1)		 Interest
Rate		 Repayment
Absa & Nedbank ZAR Revolving
Credit Facility		 1,000 72.9 72.9 1M JIBAR +5.0%
2&3		 October 2021
Absa & RMB (FNB) ZAR Working
Capital Facility		 500 36.4 33.8 SA Prime – 1.0%
2&3		 Subject to
annual
renewal
  1. Converted to USD using exchange rate of ZAR13.73/USD1
  2. An increase of 1% will apply in the event that the Company’s Consolidated Net Debt is greater than 2.5x but less than 3x Consolidated EBITDA
  3. An increase of 2% will apply in the event that the Company’s Consolidated Net Debt exceeds or is equal to 3x Consolidated EBITDA

 

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