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Syndicated Loan Plan

• Lead: Mega Bank
• Participating: CTBC, Fubon Bank 

Syndicated Loan Plan

• $13,100,000,000 NTD, 3yr
• Usage limited to TCBank Operation
• Joint Guarantee: Director(Carlyle) in TCBank
• Carlyle pays for all tax-related exp.

Credit

• Interest: OICR+4%
• Lower Limit: 4.2%
• No Upper Lmit
• Arrangement Fee: 0.5% of Total Loan
• Commitment Fee: 0.5% of Unspent

Ratio Limit

• Current Ratio: if below 110%→ +35bps
• Liab. Ratio: if above 300%→ +50bps
• Int. Protection: if below 1.5 →+40bps

Payment

• At end of every half year (Principal+Int.)
• 2015/06/30: 1.85 bil.
• +5% each term
• Early Pay-off Fine: 1% of Early Payment

Required Mortgage

• TCBank ECB (350MM USD, 7yr, 1%)
• TCBank Share (362,351,000Shares)
• If stock drop 10% in 10 trading days
• →Carlyle Provide extra 350MM Collateral
• →else Force Sell

Required Mortgage

• Association Guarantor: Director (Carlyle) in TCBank
• Consultation Mechanism
• Initiated when TCBank Int. growth

Alternative Plan

• 80% Syndicated Loan, 20% CB
• CB: 2.62 bil., 3yr, 0%
• Best Effort

Investment Decision Advice

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