Debt Overview

Oustanding gross debt

Borrowings - 2018 year-endInterest rateMaturity dateAvailable amountDrawnUndrawn
$150m private placement * 5.12% Jan-23   $150m  
$25m private placement * 4.75% Sep-20   $25m  
$40m private placement * 4.97% Sep-21   $40m  
$80m private placement * 5.40% Sep-24   $80m  
$55m private placement * 5.45% Sep-25   $55m  
US private placements *       $350m  
Amortizing Term Loan * Floating Jun-23 $200m $200m $0m
Revolving Credit Facility * Floating Jun-23 $200m $0m $200m
Other loans *       $200m  
Total - HMS Host Corp       $550m  
Term Loan ** Floating Aug-21 €150m €150m €0m
Amortizing Term Loan ** Floating Jan-23 €100m €100m €0m
Amortizing Revolving Credit Facility ** Floating Jan-23 €200m €52m €148m
Revolving Credit Facility ** Floating Jan-23 €100m €75m €25m
Other loans       €377m  
Total - Autogrill S.p.A.       €377m  

* EBITDA interest coverage ≥ 4.5x Gross Debt / EBITDA ≤ 3.5x
** EBITDA interest coverage ≥ 4.5x Net Debt / EBITDA ≤ 3.5x

Based on nominal value of borrowings as at 31 December 2018.
Coupons shown are those at which the debt was issued. The Group deals with IRS to manage the effective interest rates.
The chart includes committed lines facilities only.

Breakdown by currency

Breakdown by currency

Breakdown by coupon

Breakdown by coupon

Average cost of debt (1)

Average cost of debt

Net financial position

Net financial position

(1) Average cost of debt is calculated on average gross debt  less cash at banks & deposits
(2) Please note that 2015 NFP includes a €15m credit cards restatement (€644m NFP reported in FY2015)

Latest update: Friday, August 2, 2019 - 09:14