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FINANCIAL STATEMENTS
6
CONSOLIDATED FINANCIAL STATEMENTS
NOTE 14
SIGNIFICANT EVENTS AFTER THE REPORTING DATE
On 24 January 2017 Assystem entered into a new €280 million
financing arrangement with a pool of banks, comprising (i) an
€80 million term loan redeemable at maturity in January 2022 and
(ii) a €200 million five-year revolving credit facility with two one-year
extension options (subject to the lenders’ agreement). Consequently, the
€80 million drawn down under the previous revolving credit facility,
which was included in “Other short-term debt and current financial
liabilities” at 31 December 2016, has been repaid. The new financing
agreement includes a covenant, which is described in Note 8.6 –
Financial risk management.
The Odirnane bonds that remained outstanding at 31 December 2016
(representing 8.8% of the original issue) have been redeemed in full in
cash, without any Assystem shares allocated to their holders. The cost of
these redemptions, including accrued coupons, totalled €14.35 million,
which was paid between late February and 6 March 2017.
ASSYSTEM
REGISTRATION DOCUMENT
2016
121