Consolidated Financial Statements >
CONSOLIDATED FINANCIAL STATEMENTS AND EXPLANATORY NOTES
220
| 2012 annual report prysmian group
The “Credit Agreements” line also includes the Credit
Agreement 2011, entered into by Prysmian on 7 March 2011
with a pool of major banks for Euro 800 million with a five-year
maturity. This agreement comprises a loan for Euro 400 million
(Term Loan Facility 2011) and a revolving facility for Euro 400
million (Revolving Credit Facility 2011). The entire amount of
the Term Loan Facility 2011 is scheduled for repayment on 7
March 2016.
At 31 December 2012, the fair values of the Credit Agreements
2010 and 2011 approximate the related carrying amounts.
This financing agreement is split as follows:
The repayment schedule of the Term Loan Credit Agreement 2010 is structured as follows:
The following tables summarise the committed lines available to the Group at 31 December 2012 and 31 December 2011:
(in thousands of Euro)
Term Loan Facility 2010
670,000
Revolving Credit Facility 2010
400,000
31 May 2013
9.25%
30 November 2013
9.25%
31 May 2014
9.25%
31 December 2014
72.25%
(in millions of Euro)
31 December 2012
Total lines
Used
Unused
Term Loan Facility 2010
670
(670)
-
Term Loan Facility 2011
400
(400)
-
Revolving Credit Facility 2010
400
(4)
396
Revolving Credit Facility 2011
400
-
400
Total Credit Agreements
1,870
(1,074)
796
Securitization
150
(75)
75
Total
2,020
(1,149)
871
(in millions of Euro)
31 dicembre 2011
Total lines
Used
Unused
Term Loan Facility
670
(670)
-
Term Loan Facility 2011
400
(400)
-
Revolving Credit Facility
400
(6)
394
Revolving Credit Facility 2011
400
-
400
Total Credit Agreements
1,870
(1,076)
794
Securitization
350
(111)
239
Total
2,220
(1,187)
1,033
