XML 70 R81.htm IDEA: XBRL DOCUMENT v3.19.3.a.u2
Credit from Banks and Others (Credit Facilities) (Details)
 12 Months Ended
Dec. 31, 2019
European bank [Member]  
Disclosure of material loans and debentures [Line Items]  
Date of the credit facility December 2016
Date of credit facility termination May 2024
The amount of the credit facility USD 100 million
Credit facility has been utilized USD 100 million
Interest rate 70 million dollar-Libor + 0.66% 30 million dollar-Libor + 0.80%
Loan currency type USD loans
Pledges and restrictions Financial covenants - see Section D and a negative pledge.
Non-utilization fee 0.00%
Group of international banks [Member]  
Disclosure of material loans and debentures [Line Items]  
Date of the credit facility March 2015 [1]
Date of credit facility termination March 2023, March 2024 [1]
The amount of the credit facility USD 1,100 million [1]
Credit facility has been utilized USD 230 million [1]
Interest rate Up to 33% use of the credit: Libor/Euribor + 0.70%. From 33% to 66% use of the credit: Libor/Euribor + 0.80% 66% or more use of the credit: Libor/Euribor + 0.95% [1]
Loan currency type USD and Euro loans [1]
Pledges and restrictions Financial covenants - see Section D, a cross-default mechanism and a negative pledge. [1]
Non-utilization fee 0.21% [1]
[1] In November 2019, the credit facility was reduced from $1,200 to $1,100 and in addition, part of the banks agreed to extend the maturity of $900 million credit facility from March 2023 to March 2024. As at December 31, 2019, the company has $870 million of unutilized long-term credit lines.