Amadeus IT Holding, S.A. and Subsidiaries - Investor relations at ...
Amadeus IT Holding, S.A. and Subsidiaries - Investor relations at ...
Amadeus IT Holding, S.A. and Subsidiaries - Investor relations at ...
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AMADEUS <strong>IT</strong> HOLDING, S.A. AND SUBSIDIARIES<br />
NOTES TO THE CONSOLIDATED ANNUAL ACCOUNTS FOR THE YEARS ENDED<br />
DECEMBER 31, 2011, AND 2010<br />
(EXPRESSED IN THOUSANDS OF EUROS - KEUR)<br />
The table below set out the Group’s debt payable by m<strong>at</strong>urity <strong>and</strong> currency as of<br />
December 31, 2011:<br />
31/12/2011<br />
75<br />
M<strong>at</strong>urity<br />
Current Non-current<br />
2012 2013 2014 2015<br />
2016 <strong>and</strong><br />
beyond Total<br />
Unsecured Senior<br />
Credit Facility EUR 951,876 111,109 558,918 128,113 153,736 - 840,767<br />
USD 442,337 73,723 98,297 122,871 147,446 - 368,614<br />
Bonds EUR 750,000 - - - - 750,000 750,000<br />
Accrued interest EUR 22,377 22,377 - - - - -<br />
Other debt with<br />
USD 3,715 3,715 - - - - -<br />
financial institutions EUR 9,785 9,696 89 - - - 89<br />
Leases EUR 77,474 8,260 7,559 6,373 5,728 49,554 69,214<br />
Total Debt payable 2,257,564 228,880 664,863 257,357 306,910 799,554 2,028,684<br />
Non-current Deferred<br />
financing fees<br />
Current Deferred<br />
(13,606)<br />
financing fees (2,386)<br />
Total Debt 2,241,572<br />
In March 5, 2010, the Group subscribed the Senior Phase Two Credit Agreement<br />
(“Senior Credit Agreement”), with Barclays Capital, Credit Suisse Intern<strong>at</strong>ional, J.P.<br />
Morgan Plc. Merrill Lynch Intern<strong>at</strong>ional <strong>and</strong> The Royal Bank of Scotl<strong>and</strong> Plc., acting<br />
as m<strong>and</strong><strong>at</strong>ed lead arrangers, <strong>and</strong> which replaces <strong>and</strong> amends the previous<br />
agreements signed on April 8, 2005, which was modified on May 4, 2006 <strong>and</strong> April 7,<br />
2007. The Senior Phase Two Credit Agreement has a credit limit of KEUR 4,860,000.<br />
As a result of the public offering <strong>and</strong> listing of the Company’s shares on April 29,<br />
2010, the debt was modified as follows:<br />
� On April 29, 2010, the Group repaid the Class “B” preferred shares which<br />
were classified under the caption of “Shareholder loans” by KEUR 255,855.<br />
As described in note 16, the repayment is a result of a repurchase <strong>and</strong><br />
cancell<strong>at</strong>ions of the shares.<br />
� On May 4, 2010, the Group applied the proceeds obtained from the public<br />
offering <strong>and</strong> listing of the Company’s shares to the repayment the profit<br />
particip<strong>at</strong>ing loan entered on April 23, 2007, with Amadelux Intern<strong>at</strong>ional<br />
S.a.r.L., as lender, which was classified under the caption “Shareholders<br />
loans” by KEUR 911,053. The board of Amadelux Intern<strong>at</strong>ional S.a.r.L., in
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