Debt financing and financing structure

The ProSiebenSat.1 Group uses various external financing instruments. In addition to secured term loans ProSiebenSat.1 also has access to a revolving credit facility (RCF).

In April and June 2013, the ProSiebenSat.1 Group prepaid loans and borrowings and at the same time extended the remaining term loans expiring in July 2015 and July 2016 respectively (Term Loan C and D) to July 2018. Due to the repayment totaling EUR 500.0 million, Term Loan B was repaid in full, and Term Loans C and D were repaid and/or extended. The Group used a part of the proceeds from the disposal of the Northern European TV and radio activities for the repayment.

As of December 31, 2013, the ProSiebenSat.1 Group's secured syndicated facilities agreement includes a term loan (Term Loan D) and a revolving credit facility (RCF). The RCF was extended to July 2018 in November 2013 and now has a facility amount of EUR 600.0 million. It replaces the two previous revolving credit facilities (RCF 1 and RCF 2) with maturities in July 2014 and July 2016 respectively.

>   After repayment and extension of the loans, the nominal amount of Term Loan D amounts to EUR 1.860 billion on December 31, 2013. On December 31, 2012, the Group's then Term Loans B, C, and D totaled EUR 2.360 billion.

>   As of December 31, 2013, the revolving credit facility (RCF) amounts to EUR 600.0 million. No cash drawings were made. On December 31, 2012, the Group had total available facilities of EUR 359.4 million.

Debt financing and maturities as of December 31, 2013

Stock Price4/16/2014
Ratings
  • The rating agencies do not take the ProSiebenSat.1 Group's term loans into account in their credit ratings. Consequently there are no official ratings at present.
Ralf Gierig
  • RalfGierig

  • EVP Group Finance / Investor Relations

  • Phone+49 [0]89 95 07-1502