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Capitalization table<br />
Capitalization Table<br />
As of December 31, 2010<br />
(in CHF million) Actual Adj.<br />
FAK/BMK 2010 March 2011<br />
As<br />
adjusted<br />
Cash pool receivables - <strong>Rieter</strong> 26 (26) –<br />
Cash and cash equivalents 123 - 123<br />
Equity attributable to <strong>Rieter</strong> 193 (193) –<br />
Equity attributable to shareholders – 248 248<br />
Equity attributable to noncontrolling<br />
interests 55 – 55<br />
Total Equity 248 55 303<br />
Long-term financial debt - <strong>Rieter</strong> 85 (85) –<br />
Long-term financial debt 18 (2) 125 143<br />
Borrowings non-current 103 40 143<br />
Short-term financial debt - <strong>Rieter</strong> 136 (136) –<br />
Short-term financial debt 63 15 (3) 77<br />
Borrowings current 199 (121) 77<br />
Total Capitalization 550 (26) 524<br />
(1)<br />
(1)<br />
(1)<br />
Comments<br />
(1) Not audited<br />
(2) Assumed borrowing of the new senior secured term loan and subordinated shareholder loans (pro-forma as per December 31, 2010)<br />
(3) Assumed borrowing under the new senior secured revolving facility (pro-forma as per December 31, 2010)<br />
<strong>Autoneum</strong><br />
• Shareholder’s equity will increase by CHF 55<br />
MM, equivalent to the debt amount waived by<br />
<strong>Rieter</strong> Holding prior to the separation<br />
• At execution of the separation <strong>Autoneum</strong>’s<br />
existing debt to <strong>Rieter</strong> Group will be refinanced<br />
by a portion of new bank loan facilities,<br />
consisting of<br />
• CHF 135 MM senior secured revolving facility<br />
• CHF 100 MM senior secured term loan; and<br />
• CHF 50 MM senior secured guarantee facility,<br />
to be used for guarantees.<br />
• <strong>Autoneum</strong> will receive subordinated shareholder<br />
loans in the amount of CHF 25 MM<br />
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