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Abraaj
50
12%
QFB
(1)
50
12%
HY Notes
250
60%
Vitol
60
15%
Building Loan
4
1%
Capital Structure and Debt Profile
Debt Outstanding as at March 2017
Debt Maturities for Existing Facilities ($m)
Credit Facilities Update
$394m
250
17
61
22
40
2017
2018
2019
2020
2021
Bond Convertible Debt
Vitol prepayment facility
Convertible
Debt
Bond
Agreement signed with Vitol in December 2016 for a pre-payment facility of up to $100m
$40m was drawn down in December 2016
Further $20m drawn down in May 2017
$250m bond issued in August 2014 at 9.5% coupon rate, maturing in 2019
$50m Abraaj and $50m QBF convertible loans
Source: Company filing, loan agreements.
(1) Agreement reached with QBF to convert debt into equity
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