Gross financial debt as of 31/12/2022 (€ million)
Total as of 31/12/2022: € 2,105 million excl. IFRS 16 (as per Senior Facility Agreement)
Mid-term and long-term debt facilities as of 31/12/2022
(1) At current year-end leverage ratio
(2) Commitment and financial fees
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
