Terms approved and signed by Minsheng Bank and CuDeco: -
Facility Amount: $US65m (approx. $A70m)
Interest Rate: The aggregate of LIBOR for the relevant interest period (currently 0.25%) and the Interest Margin
Interest Rate Margin: 3.5% per Annum
Upfront Fee: 2% (once only payment)
Management Fee: 2% flat fee per annum of the aggregate drawdown amount of the facility
Facility Commitment fee: 1% for any undrawn amount of the total facility.
At this time the above translates into an interest rate of approx. 5.75%p.a. Interest and the Management fee are only payable on the amount drawn.
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