b'STAATSOLIE MAATSCHAPPIJ SURINAME N.V.NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED DECEMBER 31, 2021 (Continued)Local bond Term loan OnMarch23,2020,Staatsolieissueditsthirdbond. Corporate term loanThebondconsistsofbondsfortheperiod2020 In2018,StaatsolieclosedonaUS$625,0002025withanannualinterestrateof7%andbonds termloan,anuncommittedrevolvingloanof fortheperiod20202027foranannualinterest US$35,000andtheoptionforanaccordionrate of 7.5%.ofUS$50,000givencertainconditions.Repayment of the term loan was planned for 23 Morethan83%ofthosebondholdersre-invested quarterlyinstallments,tocommenceinthefourthand renewed their commitment to the Company.quarterof2019.ThetotalamountraisedwasUS$195,067,an TheoutstandingamountasofDecember31,oversubscriptionofUS$45,067. 2021,amountedtoUS$449,580(2020: AsatDecember31,2021,unamortizeddebt US$537,500).arrangementfeesforthethirdissuedbondis AsatDecember31,2021,unamortizeddebtincludedinthecarryingvalue.Theamortization arrangementfeesareincludedinthecarryingvalue.ofdebtarrangementfeesfor2021ispresentedunderfinancecostintheconsolidatedstatement Theamortizationofdebtarrangementfeesforofprofitorloss. 2021ispresentedunderfinancecostintheconsolidatedstatementofprofitorloss.RevolverInMarch2020,StaatsolieobtainedarevolverloanofUS$6,000.Thiswasusedforworkingcapitalpurposes. Other Long Term Liabilities(X US$ 1,000) 2021 2020Financialliability-LoanfromPensionFund 26,508 26,508OtherLongtermliability-PikinSaramacca 10,017- Committee of sports facilities 1,004 2,029OtherLongtermliability-provisionforwagetax 1,429 1,608 38,958 30,145 Loan from Pension Fund Other Long-term liability - Pikin Saramacca InNovember2019,Staatsolieenteredinaprivate Foritsacquisitionofa30%participatinginterestagreementwiththeStaatsoliePensionfund intoanUnincorporatedJointVenture(UJV)Pikin(StichtingPensionfondsvoorwerknemersvan SaramaccaonApril2020withRosebelGoldMinesStaatsolieMaatschappijSurinameN.V.)forthe N.V.,StaatsolieagreeduponaninitialcontributionsaleofaplotoflandknownasBruynzeelterrein, ofUS$54.8MM,ofwhichUS$34MMwaspaidinincludingtheoptiontobuybackwithin5years cashandtheremainingUS$20.8MMtobesettledfrom the date of sale at an agreed amount of US$withStaatsoliesGoldEntitlementinaccordance26,508.OnanannualbasisStaatsoliewillpaythe with the terms of the Second Amendment and pensionfundafixedfeeasaguaranteeforthe theUJVAgreement.OnDecember31,2020,righttorepurchasetheland.Thefeewillbepaid StaatsolierecordedaShort-TermLiabilitytowardsbi-annually. RosebelGoldMinesN.V.ofUS$6.3MM.Basedonbusinessplan2021itwasexpectedthattheIf Staatsolie does not exercise the right tooutstandingbalanceofUS$6.3MMwouldhaverepurchase,thelegaltransfertothePensionfund beenfullysettledinMay2021.willbecomeeffective.166 STAATSOLIE 2021 ANNUAL REPORT'