Weir Group 2013 Interim Report (PDF, 0.59 MB) - The Weir Group

9. Interest-bearing loans and borrowingsAs at 28 June 2013, £63.0m (2012: £nil) was drawn under the Revolving Credit Facility and £102.3m (2012: £162.6m)outstanding under the amortising term loan.Total unamortised issue costs at 28 June 2013 were £4.9m (2012: £7.3m). On the 5 July 2013, the Group repaid theoutstanding unamortised portion of the US$300m amortising term loan, replacing the existing borrowings underthis agreement with an equivalent draw down under the US$800m Revolving Credit Facility which was entered intoin 2010. The Group has recently completed the negotiation of a US$800m 5 year Revolving Credit Facility witha syndicate of 12 banks. This replaces an existing facility of US$800m maturing in September 2014.10. Pensions & other post-employment benefit plans28 Dec 2012£m28 June 2013£m29 June 2012£m90.4 Plans in deficit 68.7 104.3The decrease in deficit of £21.7m in the 26 weeks ended 28 June 2013 was primarily due to actuarial gains of£21.3m, driven by an increase in gilt yields over the period, being recognised in the Consolidated Statement ofComprehensive Income.The impact of IAS19 (Revised) on the financial statements for the 52 weeks ended 28 December 2012 and the26 weeks ended 29 June 2012 is an increased charge to the Consolidated Income Statement of £3.3m and£1.4m respectively, on a pre tax basis. There was no impact on the disclosed defined benefit obligation at eitherperiod end.29