TELEPERFORMANCE_Registration_document_2017
CONSOLIDATED FINANCIAL STATEMENTS
7.6 Notes to the consolidated financial statements
NOTE G.4 Financial liabilities Note G.4.1
Loans from financial institutions, bonds and US private placements (USPPs)
Analysis by category of loan At Decemberb31 st , 2017, the Group had obtained and utilized financing totaling €1,593.3bmillion, as follows:
Amount in € at 12/31/2017 Interest type
Amount in currency at 12/31/2017 Currency
Financial covenant
Category of loan
Rate
Maturity
Teleperformance SE
b
b
b
b
b
b
b
Bond
600
€
600
Fixed * Coupon of +1.50% 2024.04
no
US private placement Tranche A US private placement Tranche B
75
USD USD USD USD USD
63
Fixed Fixed
+3.92% 2023.12 +4.22% 2026.12
yes yes yes yes yes
175 500 160 165 105
146
Bank loan
417 Floating
LIBOR $ +1.7% 2021.08
US private placement Tranche A US private placement Tranche B
133 138 105
Fixed Fixed Fixed
+3.64% 2021.12 +3.98% 2024.12 -0.15% 2018.03
Commercial paper
€ €
no
b
EURIBOR +0.6% 2022.02
yes yes
0 Floating 0 Floating
Syndicated multi-currency facility **
b
USD
LIBOR $ +1.50%
2022.02
Total
b
b
1,602
b
b
b
b
Loan issuance expense/premiums & discounts
b
b
-10
b
b
b
b
Total Teleperformance SE
b b b b b b b
b b b b b b b
1,592
b b b b b b b
b b b b b b b
b b b b b b b
b b b b b b b
b
b b
Other Group companies
Bank loan
1 1
Total Other Group companies
b
b
TOTAL GROUP
1,593
* A swap of fixed to floating interest rates has been contracted over €200bmillion. ** A facility of €300bmillion is unutilized at 12/31/2017.
Schedule of loans by principal currency and type of interest rate
Type of interest rate
Total 1,179
€
USD 479 414 893
CLP
COP
MAD
7
fixed
699
1
b b
b b
■
floating
414
b
b
■
AT DECEMBERb31 ST , 2017
1,593
699
1
0
0
Type of interest rate
Total
€
USD 545 595
CLP
COP
MAD
fixed
580
30
2
2 3 5
1
■
floating
1,301 1,881
703 733
b
b
■
AT DECEMBERb31 ST , 2016
1,140
2
1
Covenants The following financial liabilities are subject to financial covenants:
■ syndicated multi-currency facility of €300bmillion;
■ bank loan of US$500bmillion;
■ two US private placements of US$250bmillion and US$325bmillion. At Decemberb31 st , 2017, the relevant ratios were as follows: b
Contractual
Actual 0.69x 1.88x
Consolidated net debt/Total equity
≤ 0.90x ≤ 2.50x
Consolidated net debt/Consolidated EBITDA
193
Teleperformance bb - bb Registration documentbb 2017
Made with FlippingBook flipbook maker