SAPPI LTD (SAP) 6-K

Currency Rate(9)
Unsecured bank term loans
Interest
Balance Sheet
Value as at 31
September, 2007
Security /
Cession Expiry Financial Covenants
Österreichische
Kontrollbank (16) EUR
Österreichische
Kontrollbank(15) EUR
Fixed
Fixed
EUR35 million
(1,2,8)
EUR398 million
(2,6,8)
Revolving
facility
Dec-10
EBITDA to net interest and net debt to
capitalisation(5)
EBITDA to net interest and net debt to
capitalisation(5)
ABN AMRO (15) USD Fixed USD21 million May-09 No financial covenants
Österreichische
Kontrollbank (15) USD
Fixed
USD38 million
(2,6,8)
Jun-10
EBITDA to net interest and net debt to
capitalisation(5)
Syndicated loan agent is:
BNP Paribas (16) EUR Variable EUR100 million (2,8) Jun-10 EBITDA to net interest and net debt to
capitalisation(5)
BNP Paribas (16) CHF Variable CHF165 million (2,8) Jun-10 EBITDA to net interest and net debt to
capitalisation(5)
Nedbank (16) ZAR Fixed ZAR348 million (1) Jan-11 No financial covenants
Commerzbank (16) ZAR Fixed ZAR146 million (1) Mar-10 No financial covenants
Calyon (16) ZAR Variable ZAR66 million (1,4) Oct-09 EBITDA to net interest and net debt to
capitalisation(5)
Raiffeisen Zentralbank Österreich AG Fixed EUR10 million Dec-09 No financial covenants
(RZB) Bank(15) EUR
Sanlam Bank (16) ZAR Fixed ZAR107 million Nov-12 No financial covenants
Sanlam Bank (16) ZAR Fixed ZAR105 million Jan-13 No financial covenants
Sanlam Bank (16) ZAR Fixed ZAR26 million Jan-13 No financial covenants
(1) The value outstanding equals the total facility available.
(2) In terms of the agreement, limitations exist on liens, sale and leaseback transactions and mergers and consolidation. Sappi Limited must maintain a majority holding in Sappi Paper
Holding GmbH Group.
(3) Sappi Papier Holding GmbH, Sappi Limited or Sappi International SA may at any time redeem the June 2012 and 2032 public bonds (the “Securities”) in whole or in part at a
redemption price equal to the greater of (i) 100% of the principal amount of the Securities to be redeemed and (ii) a make-whole amount based upon the present values of remaining
payments at a rate based upon yields of specified US treasury securities plus 25 basis points, with respect to the 2012 Securities, and 30 basis points, with respect to the 2032 Securities,
together with, in each case, accrued interest on the principal amount of the securities to be redeemed to the date of redemption.
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