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Banking Facilities

As at 31 December 2017, Petra had bank facilities in place of ca. US$121.2 million, of which ca. US$7.4 million remained undrawn and available to the Company.

Lender Type Size
(ZAR M)
Size
(US$M)
Utilised at
31 Dec 2017
(ZAR M)
Interest Rate Repayment
Absa & Nedbank ZAR Revolving
Credit Facility
1,000 80.8 1,000 1M JIBAR +5.0%
1&2
October 2021
Absa & RMB (FNB) ZAR Working
Capital Facility
500 40.4 409 SA Prime – 1.0%
1&2
Subject to
annual
renewal

  1. 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
  2. An increase of 2% will apply in the event that the Company’s Consolidated Net Debt exceeds or is equal to 3x Consolidated EBITDA