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).
The secured term loans (term loans B, C and D) of the ProSiebenSat.1 Group account for roughly EUR 2.4 billion. Term loans B and C total EUR 276 million and have maturity dates in July 2014 (term loan B) and July 2015 (term loan C) respectively. Term loan D of EUR 2.1 billion will mature in July 2016. At the end of August 2011 the ProSiebenSat.1 Group prepaid EUR 1.2 billion of its term debt.
In addition to these term loans, the senior secured syndicated facilities agreement includes a revolving credit facility (RCF) which can be drawn in variable amounts. The available facility amount of the revolving credit facility currently totals EUR 590.0 million (originally EUR 600.0 million). At the end of May 2012, the ProSiebenSat.1 Group extended the majority of the credit facility to July 2016, issued as new RCF 2. The remaining facility amount (RCF 1) will continue to mature in July 2014. RCF 2 amounts to EUR 359.4 million as of March 31, 2013. RCF 1 is currently EUR 230.6 million.
As of March 31, 2013
