201 348
201
31 December 2014
Total lines
Used
Unused
Credit Agreements:
Term Loan Facility 2010
-
-
-
Term Loan Facility 2011
400
(400)
-
Revolving Credit Facility 2010
-
-
-
Revolving Credit Facility 2011
400
-
400
Syndicated Revolving Credit Facility 2014
1,000
-
1,000
Total Credit Agreements
1,800
(400)
1,400
EIB Loan
100
(100)
-
Revolving Credit Facility 2014
100
(30)
70
Total
2,000
(530)
1,470
31 December 2013 (*)
Total lines
Used
Unused
Credit Agreements:
Term Loan Facility 2010
184
(184)
-
Term Loan Facility 2011
400
(400)
-
Revolving Credit Facility 2010
400
(3)
397
Revolving Credit Facility 2011
400
-
400
Syndicated Revolving Credit Facility 2014
-
-
-
Total Credit Agreements
1,384
(587)
797
EIB Loan
100
-
100
Revolving Credit Facility 2014
-
-
-
Total
1,484
(587)
897
(*) The previously published prior year consolidated financial statements have been restated following the adoption of IFRS 10 and IFRS 11. Further details can
be found in Section C. Restatement of comparative figures.
The Revolving Credit Facilities are intended to finance
ordinary working capital requirements.
Bonds
The Prysmian Group has the following bonds outstanding as
at 31 December 2014:
Non-convertible bond issued in 2010
On 31 March 2010, Prysmian S.p.A. completed the placement
of an unrated bond with institutional investors on the
Eurobond market for a total nominal amount of Euro 400
million. The bond, with an issue price of Euro 99.674, has a
5-year term and pays a fixed annual coupon of 5.25%. The
bond settlement date was 9 April 2010. The bond has been
admitted to the Luxembourg Stock Exchange’s official list
and is traded on the related regulated market.
The fair value of the non-convertible bond at 31 December
2014 is Euro 410 million (Euro 417 million at 31 December
2013). Fair value has been determined with reference to the
quoted price in the relevant market (Level 1 of the fair value
hierarchy).
Convertible bond
On 4 March 2013, the Board of Directors approved the
placement of an Equity Linked Bond, referred to as
“€300,000,000 1.25 per cent. Equity Linked Bonds due
2018”, maturing on 8 March 2018 and reserved for qualified
investors.
The following tables summarise the committed lines available to the Group at 31 December 2014 and 31 December 2013:
(in millions of Euro)
(in millions of Euro)