|Long Term Credit Lines and Interest Bearing Debt||Nominal Amount as of September 30, 2019||Total Credit Line||Financial Covenants|
|USD 400.0 million Term Loan ("TLB"), Libor (minimum 0.75%) + 250 basis points, due March 2021||USD 378.0 million||None, but incurrence test: total leverage ratio ≤ 3.00x*|
|Revolving credit facility ("RCF"), due September 2020
Libor + margin of 325-625 bps (linked to TLR) + utilization fee
|USD 170.0 million||USD 350.0 million||Maintenance covenant: total leverage ratio ≤2.75x*|
|Japanese ECF, 12 year with semi-annual installments. 50% fixed/ 50% floating interest rate||USD 333.7 million||None, but incurrence test for loan 3&4: Total leverage ratio ≤ 3.00x* and Interest coverage ratio ≥ 2.0x*|
|December 2020 Senior Notes, coupon of 7.375%||USD 212.0 million|| None, but incurrence test: Interest coverage ratio
PGS has official ratings from Moody’s Investor Services (Moody’s) and FitchRatings (Fitch).
|Rating agency||Date of rating||Rating||Outlook|
|Moody’s||March 13, 2018||B3||Stable|
|Fitch||October 26, 2018||B-||Stable|
For credit rating definitions, please see link for Moody’s.