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OTHER GENERAL INFORMATION
Other information concerning the Group’s business and organisation
5. Other information concerning the Group’s
business and organisation
5.1 Organisation chart
Company organisation chart
ANF’s organisation chart at the date of fi ling of the Registration Document is as follows:
99.9%
59.2%
63.4% 45.0%
SGIL
Eurazeo
Immobilière
Bingen
ANF
1-3 Rue d'Hozier
40.8%
Public
100%
ANF République
ANF was 59.24%-owned by Eurazeo at December 31, 2009. As a result, ANF was, at that date, fully consolidated in the consolidated fi nancial
statements of the Eurazeo group.
See also the table in Note 19 to the Company’s annual fi nancial statements presenting the subsidiaries and shareholdings.
Relations between the parent company and its subsidiaries
See paragraph 1.6 “Activities of the main subsidiaries” in Part II of the Registration Document.
5.2 Properties and equipment
See Section 7 “Lyons” and Section 8 “Marseilles” in Part I of the Registration Document.
5.3 Major contracts
Financing contracts
On July 27, 2007, ANF renegotiated a €186 million loan taken out
in 2005 from a banking pool consisting of Calyon, HSBC, BECM
and Société Générale, increasing it to €250 million. This new line
of credit is for a period of seven years. The contract concerning
this loan has been subject to two amendments, respectively dated
October 30, 2007 and July 7, 2008. The main features of this line
of credit are:
• the interest rate is Euribor +0.50%;
• the ratios with which ANF must comply are:
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• loan to value (LTV) ratio of 50% or less,
Contents
• interest coverage ratio (ICR) (EBITDA over fi nancial income) of
2 or more;
• the loan contract includes a clause providing that an accelerated
payoff of the outstanding debt on the loan may be declared in the
event of a change in control.
At December 31, 2009, €185.9 million had been drawn from this
line of credit. At the date of this Registration Document, the available
amount of this line of credit is €64.1 million.
ANF • 2009 ANNUAL REPORT
199
OTHER GENERAL GENERAL INFORMATION PRO FORMA FINANCIAL INFORMATION ANNUAL FINANCIAL STATEMENTS CONSOLIDATED FINANCIAL FINANCIAL STATEMENTS INFORMATION ABOUT ANF DESCRIPTION OF THE BUSINESS