fac-021 · Revolving credit

Meridian Gas Partners

Facility

Revolving credit

Currency: USD
Commitment: US$103m
Drawn: US$50.4m
Undrawn: US$52.6m
EAD: €65.7m
CCF: 40%
Margin: 285 bps
Maturity: 7 May 2027
Tenor: 13 months

Covenant monitoring

0 breached, 0 within 10% of the threshold

DSCR

Direction: MinimumThreshold: 1.4Current: 1.69Next test: 30 Jun 2026Quarterly

Net lev.

Direction: MaximumThreshold: 3.44Current: 2.47Next test: 30 Jun 2026Quarterly

ICR

Direction: MinimumThreshold: 3.47Current: 4.91Next test: 30 Jun 2026Quarterly

Collateral

Net of supervisory haircuts

Collateral

Currency

Valuation

Valuation (EUR)

Haircut

Net value

Last valued

Basis

Equipment

USD

US$124.4m

€114.4m

32%

€77.8m

9 Jan 2026

Independent appraisal

Total

€77.8m

Tenor

13 months

Quarter

Commitment

Drawn

Undrawn

Δ Drawn

Utilisation

2026-Q1

US$103m

US$50.4m

US$52.6m

n/a

49%

2026-Q2

US$103m

US$50.4m

US$52.6m

US$0

49%

2026-Q3

US$103m

US$50.4m

US$52.6m

US$0

49%

2026-Q4

US$103m

US$50.4m

US$52.6m

US$0

49%

2027-Q1

US$103m

US$50.4m

US$52.6m

US$0

49%

2027-Q2

US$0

-US$50.4m