Debt and financing

Debt profile as of 31/12/2023 (€ MILLION) - excluding securitisation

Cost of bank facilities of the sustainability-linked refinancing 

The table below presents the costs of the bank facilities put in place in October 2022 (€600 million term loan and €600 million revolving credit facility). These costs are margins added to EURIBOR (or any other applicable base rate with a floor at zero per cent per annum) and vary depending on year-end leverage ratio 1.

1) Excluding IFRS 16

2) Undrawn RCF 

In addition, (i) a customary Sustainability-linked adjustment will provide for a maximum discount or premium of 5 basis points (ii) a utilization fee ranging from 0.10% p.a. to 0.40% p.a. applies to the revolving credit facility and (iii) an additional margin of 20 basis points for drawings in USD.

Credit Ratings

June 18th, 2019 Bond offering

Sustainability-Linked Financing Framework