Debt and credit rating

Financial position (as of end of September 2020)

DEBT MATURITY

Average life:  ≈ 5,0 years*

 

* Excluding the bond expiring in January 2021, refinanced in July 2020 through issuance of € 500 mln 2026 bond

 

REVOLVING CREDIT FACILITY

Lower margin - Longer life

RCF renegotiated lowering margin (from 100 bps to 75 bps) and amount (from € 2.0 bn to € 1.8 bn). The facility will expire in 2023