EFTA01366847.pdf

Amendment #4 Page 418 of 868 The Operatirg Entities' interest rate swaps nave the foltovnng maturities urn fl oat liteturIty DerWathre not designated as a hedge As at December 31. 2014 Interest rate swap e34,814 March 28, 2024 Merest rate swap 916267 March 28, 2024 As at Match 31.2015 leered rate pomp 933,599 March 28. 2024 Interest rate swap 911.663 March 28 2024 Under the interest rate swap agreement the Operating Enboes pay a faed rate and the counterperly to the agreemert pays the Operatic Ensiles a (Indira interest rate The amort recorded in the combined balance sheet represents the estimated tat vane of the net amount that the Oparabng Erodes would recerve or pay in order b exit the agreement as at Mardi 31, 2015 and December 31, 2014, respectwely, if the agreements were tranalerted to other tad panes or canceled by the Operabng Eddies 9. Long-term debt Debt consists d the folb.ving as at March 31, 2015 and December 31, 2014 Mash 31, 2016 December 2M4 Figures In ZAR '003 Total Current Noncurrent Told Current 6 Non3CIUrrissit Term loan 1,963.075 16,561 1,945514 1.969 703 l ai 1,954 687 Accnied Interest — — — 60 590 60,590 — Debt discount (29.805) (2,811) (28,884) (30.389) (2808) (27.581) Total 1833.380 13.7150 1.919.630 1,990.904 72,608 1827.306 On November 2. 2012, Core eMered into a fealty agreement with Standard Bank, which provided fa e term loan twnty with a lest of RI 056 triton The term loan facility bears interest at a rated three month MBAR pits a rand* Spread per amum, which represents iqudity end other risks. and mane in 2031 At March 31. 2015, the balance oustanding under the term loan Maley was R1 035 million At December 31, 2014, ex balance outstanding under the term ban belly was R1 073 merlon The average interest rate for the three mares ended March 31. 2015 was 10 37% and for tre year ended December 31. 201410.03% On November 2. 2012 Erika entered irto a fealty *greened with Standard Bank, which provided fa a term ton facility with a limit of 8956 prelim The term loan Willy bears interest al a rate of three month JIBAR plus a vanatre speed per annum. which represents liquidity and other risks, end rreldes in 2031 Al March 31. 2015. the balance outstanding under the term loan facility was R928 million At December 31. 2014, the balance outstanding under the term loan facaty was R958 million The average interest rate fa the three 1110KM ended March 31, 2015 was 10 38% and fa the year ended December 31, 2014 9.95% The far value of the Operatrg Enbbes longterm debt was determined using nputs classified as Level 2 and a dscarted cash flow approach using market rates for similar debt instruments. with corederation for non-performance risk The esbmated fair value of outstardtrg debt oblgabons was R2 081 774 998 at March 31, 2015 and R2159 419 065 as at December 31, 2014 respectively F-98 http://cfdocs.btogo.com:27638/cf/drv7/pub/edgar/2015/07/20/0001193125-15-256461/d78... 7/20/2015 CONFIDENTIAL - PURSUANT TO FED. R. CRIM. P. 6(e) DB-SDNY-0058375 CONFIDENTIAL SONY GM_00204559 EFTA01366847