EFTA01366710.pdf

Amendment #4 Page 281 of 868 Telt iff.c.54 ESPRA The ESPRA project is financed web a BRL.denornriated term banner Bark of the Northeast of Bread which had an outstanding annoyer amon of approxeriatery BRL 95 2 ralhon (approximately 529 0 million) as of March 31, 2015 The term loan matures n the second quarter o12026 The term loan bears interest rate at the fixed rate of 12 0% per annum (when can be reduced to 8 08% due to the 10 2% tray payment taxa) The term loan cordons %WPM'S customary restrictive covenants. including covenants restncting the payment of dambubons See --Surnreary of enamel and distribution covenants' for additional el&nation regarding particular financial maintenance and restricted payment ratios We expect to repay Ore goad-level ndebtedneas with tne proceeds from tns offering. SaVady The Se tailor project is financed wen a BRLOenornnett' term ban from the Brazilian Development Bank which had an outstanding poroaal amount or approximately BRL 571 1mean (approximately $173 9 melon) as of March 31, 2015. The term loan matures n the second quarter of 2029 The berm ban bears interest at a variable rate equal to the sun of the Brazil Long-Term Interest Rate or -TJLP,* OS 192% per annum. As d March 31, 2015, the effective interest rate on de term ban was approximately 7.42% per annum The SaNatice project is also fretted by a sub-loan when has anoutstanding parapet amour of approxeratery BRL 4.1 meson (approximately 51 2 minion) Tne subloan matures in to second quarter of 2019 The sub-loan tears vanade intern equal to the TJLP with a two-year gate period for interest payments and a six-year gate penod for principal payments The term loan contents venous customary restriarre covenants, ncludng covenants restricting the payment of datnibuions and requiring maintenance of certain ?muter ratios See '—Surnmary of financial and CheftruliOn covenants' for additional Mormabon regarding particular financial maintenance and restricted payment rates We expect to repay this project-level indebtedness wan The proceeds from this dfenrg Pnor to ou acquisition of the prosect we expect approximate/ 5101 mean principal amount of goject-level debt to be incurred, which will offset consideration we would °therms. be required to pay for the project At will repay this indededness with proceeds from this /flung Grind's projects NSM 24 The NSM 24 pored is fnanced with an INR-clenornnoted term ban by a syndicate of International Fnance Corporation and PIC India Enamel Sennces Limted. which had an outstanding pincipal arose of approximate/y INR 1.6 billion (approximately $26.0 million) as of March 31, 2015. The term ban mattres in the second quarter of 2028. Approximately INR 624 mean (approximately 59 8 million) of the term ban is provided by International Finance Corporation and bears interest at a variable rate equal la a fired base rale plus a feed speed of 4 5% per arnum As of Match 31.2015 the interest role for this portion of the dett was 12 0% per annum The remaining approximately MR 1 0 billion (approxrnalely 516 mean) s provided by PTC Inia Financial Services Limited and tears Interest at a vocable rate, which consists of the applicable lenders' benchmark reference rate plus a spread. and as of March 31, 2015 the *Weenie interest rate was 12.75% per annum As of March 31, 2015. the effect-we interest rate on the portion of the term ban denorrinated in INR was 12.75% per annum The term ban contains various customary restnctive covenants. including covenants restricting tne payment of drantnons and requiring maintenance of certain Inertial rates See'—Suntory of financial and distribution coverorts' for additional Herndon regarding particuar financial maintenance and restricted payment ratios We expect to repay the aroext.level indebtedness with the proceeds from ins offering 273 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-0058238 CONFIDENTIAL SDNY_GM_00204422 EFTA01366710