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Laporan Tahunan %u2022 Annual Report 798HULU ENERGIThe original consolidated financial statement included hereinare in Indonesian language.PT PERTAMINA HULU ENERGI DAN ENTITAS ANAK/AND SUBSIDIARIESDaftar 5/134 ScheduleCATATAN ATAS LAPORAN KEUANGANKONSOLIDASIAN (lanjutan)Tanggal 31 Desember 2024 dan untukTahun yang Berakhir pada Tanggal Tersebut(Disajikan dalam Ribuan Dolar Amerika Serikat,Kecuali Dinyatakan Lain)NOTES TO THE CONSOLIDATEDFINANCIAL STATEMENT (continued)As of December 31, 2024 andfor the Year Then Ended(Expressed in Thousands of United States Dollars,Unless Otherwise Stated)27. PINJAMAN BANK JANGKA PANJANG (lanjutan) 27. LONG TERM BANK LOANS (continued)2. Pinjaman M&P - Pinjaman Sindikasi M&P(lanjutan)2. M&P Loan - Syndicated Loan M&P (continued)Sebelum tanggal efektif perjanjian pinjamansindikasi tersebut di atas pada tanggal11 Desember 2017, PIEP, Maurel & Prom WestAfrica SA, sebagai Borrower, dan The Bank ofTokyo Mitsubishi UFJ, Ltd., Hongkong Branchsebagai facility agent, menandatanganiperjanjian sponsor support agreement denganPIEP. Perjanjian ini mengatur bahwa apabilaBorrower tidak dapat memenuhi kewajibannyapada waktu yang ditentukan (Borrower NonPayment), maka borrower harus segeramenyampaikan sponsor loan request noticeyang ditujukan kepada sindikasi, dan sindikasiberkewajiban untuk menyediakan dana kepadaBorrower sebesar kewajiban yang belumterselesaikan termasuk bunga yang masihterhutang.Prior to effective date of the above syndicated loanagreement, on December 11, 2017, PIEP, Maurel& Prom West Africa SA, as Borrower, and TheBank of Tokyo Mitsubishi UFJ, Ltd., HongkongBranch as facility agent, signed the sponsorsupport agreement with the PIEP. This Agreementstipulates that in the event the borrower fails tofulfill its obligations (Borrower Non-Payment), theBorrower must immediately submit a sponsor loanrequest notice to the syndicated, and thesyndicated is obligated to provide funds to theBorrower to cover all unsettled obligationsincluding outstanding interest payable.Pada tanggal 11 Desember 2017, PIEP telahmenerbitkan comfort letter sebagai persyaratandi dalam fasilitas bank sindikasi seperti yangdibahas diatas, tetapi bukan merupakanjaminan sehubungan dengan kewajiban PIEPberdasarkan Sponsor Support Agreement danPIEP tidak dapat diartikan bertindak sebagaipenjamin.On December 11, 2017, the PIEP has issued acomfort letter as required in the syndicated bankfacilities as discussed above, but not constitute aguarantee in respect of the obligation of PIEP underSponsor Support Agreement and PIEP shall not beconstrued as acting as a guarantor.Pada tanggal 16 Maret 2020, M&Pmenandatangani perjanjian amandemen profilpembayaran kembali fasilitas utangnya untukpinjaman bank sindikasi yang menurutketentuan amandemen, pembayaran utangterjadwal telah dikurangi pada tahun 2020 dan2021. Tidak ada amandemen lain yangdilakukan selain profil pelunasan hutangsebagaimana diungkapkan di atas.On March 16, 2020, M&P signed agreements ofamendment on repayment profile of its debtfacilities for syndicated bank loan which under theterms of amendments, the scheduled debtrepayments have been reduced in 2020 and 2021.No other amendments were made other than debtsrepayment profiling as disclosed above.Pada tanggal 5 Juli 2022, M&P melakukanrefinancing atas pinjaman sindikasi bank sesuaidengan amendment and restatementagreement yang ditandatangani pada 12 Mei2022. Dengan perjanjian tersebut, M&Pmendapatkan pinjaman sindikasi baru sebesarAS$255 juta (nilai penuh) (sebesar AS$67 juta(nilai penuh) dalam bentuk Revolving CreditFacility) dan membayar outstanding pinjamansindikasi sebesar AS$362,7 juta (nilai penuh)sehingga mengurangi nilai pinjaman sebesarAS$107,7 juta (nilai penuh).On July 5, 2022, M&P refinanced the syndicatedbank loan in accordance with the amendment andrestatement agreement signed on May 12, 2022.With the agreement, M&P obtained a newsyndicated loan of US$255 million (full amount)(US$67 million (full amount) in the form of aRevolving Credit Facility) and paid the outstandingsyndicated loan of US$362.7 million (full amount),reducing the loan value by US$107.7 million (fullamount).Pada tanggal 31 Desember 2024 dan31 Desember 2023 semua persyaratanpinjaman jangka panjang tersebut di atasseperti disebutkan dalam perjanjian pinjamantelah terpenuhi.As of December 31, 2024, and December 31, 2023all of the covenants of the above-mentioned longterm loans as stipulated in the respective loanagreements have been complied.