Debt Structure

€million Maturity Dec. 31, 2019 Dec. 31, 2020 Mar. 31, 2021
High Yield Senior Notes 2024 600 600 0
High Yield Senior Notes 2026 450 450 0
State guaranteed Loans     281 280
Crédit Suisse Facility     50 0
Senior Revolving Facility (€650m) & NEU CP (€450m) 2023 518 624 500
FCT Junior Notes, accrued interest not yet due, capitalized financing costs and other   (227) (204) (195)
Gross Corporate debt     1,341 1,801 585
Short-term Investments and Cash in operating and holding entities   (462) (375) (386)
CORPORATE NET DEBT   880 1,426 199

 

€million Maturity Dec. 31, 2019 Dec. 31, 2020 Mar. 31, 2021
High Yield EC Finance Notes 2022 500 500 500
Senior asset revolving facility (€1.7bn SARF) 2022 1,134 445 414
FCT Junior Notes, accrued interest, financing capitalized costs and other   253 243 228
UK, Australia and other fleet financing facilities   1,572 969 920
Gross financial fleet debt   3,459 2,157 2,061
Cash held in fleet financing entities and Short-term fleet investments    (235) (118) (90)
Fleet net debt in Balance sheet   3,224 2,038 1,971
       
Fleet liabilities related to leases   131 75 66
       
TOTAL FLEET NET DEBT  (incl. op leases)   3,355 2,114 2,037

 


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