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Banking Facilities

As at 31 March 2018, Petra had bank facilities (excl. FX lines) of ca. US$126.5 million1.

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 84.3 ZAR1,000M/
(US$84.3M)
1M JIBAR +5.0%
2&3
October 2021
Absa & RMB (FNB) ZAR Working
Capital Facility
500 42.2 ZAR412M/
(US$34.7M)
SA Prime – 1.0%
2&3
Subject to
annual
renewal

  1. Converted to US$ using exchange rate of ZAR11.86/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