Debt profile as of 30/06/2025 (€ MILLION) - excluding securitisation
1) Revolving Credit Facility (RCF) Terms: The total facility amount is €1 billion until October 2027 and €940 million until October 2029.
Summary - Mid-term and long-term debt facilities as of June 30, 2025
*Before Sustainability-linked discount.
(1) At year-1 leverage ratio.
(2) €1,000M until 17/10/2027 and €940M until 17/10/2029.
(3) Commitments and financial fees.
Cost of bank facilities of the sustainability-linked refinancing
The table below presents the cost of the credit facilities established in October 2022 (a term loan of 600 million euros and a revolving credit facility of 600 million euros). These costs correspond to a margin added to the EURIBOR (or any other applicable reference rate with a floor of zero percent per year), which varies depending on the financial leverage ratio¹ at the end of the fiscal year. In June 2024, SPIE extended and increased the revolving credit facility to 1,000 million euros until October 2027. From that date, the amount will be 940 million euros until October 2029, under the same financing conditions as in October 2022.
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
