EURAZEO_REGISTRATION_DOCUMENT_2017

CONSOLIDATED FINANCIAL STATEMENTS Notes to the Consolidated Financial Statements

FINANCING AND FINANCIAL INSTRUMENTS NOTE 9

Net debt 9.1 Net debt, as defined by the Group, breaks down as follows:

Note

12/31/2017

12/31/2016

(In thousands of euros) Asmodee bond issue

1,597

3,166

Eurazeo PME investments’ bond issues

230,967

189,196

WorldStrides bond issue Eurazeo Partners bond issue

83,382

-

-

3,605

Bond issues

315,946

195,967 149,450 525,877 238,412 414,366 266,139 326,548

Legendre Holding 19 (AccorHotels) loan

- -

ANF Immobilier loan

Asmodee loans

223,539 461,668 388,464 336,931 120,679 650,178 141,460 343,535 10,360 193,566 172,978

Eurazeo PME investments’ loans

Fintrax loans

Grape Hospitality loans

Iberchem loans Novacap loans

-

452,900 153,273

Sommet Education loans

WorldStrides loans Bank overdrafts

-

13.1

5,161

Finance leases

197,282 155,679

Other loans

Loans

3,043,358 3,359,304

2,885,087 3,081,054

BORROWINGS

4

o/w borrowings maturing in less than one year o/w borrowings maturing in more than one year

142,523 3,216,781 872,392

280,699

2,800,355 1,503,297

Cash and cash equivalent assets

13.1 13.1 13.1

Restricted cash

20,441 15,306

12,070 64,917

Other short-term deposits

Cash assets

908,139 2,451,165

1,580,284 1,500,770

TOTAL NET DEBT

Borrowings maturing in less than one year primarily consist of credit facilities repayable in 2018 and short-term debt maturities. The net debt position of the Group’s investments is presented below.

Consolidated debt-related commitments 9.1.1 Loans extended to Group companies may be subject to requests for early repayment, particularly in the event of payment default or failure to fulfill contractual obligations. The table below provides details of the amounts (including accrued interest), the maturity dates and the nature of the covenants of the financing held by the Group’s various investments.

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Eurazeo

2017 Registration document