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Debt Structure as of September 30, 2024

11/14/2024 - 09:39 AM

9M 2024 Results

Reported adjusted gross financial debt: € 15,412 mln

Available Liquidity Margin - € bln
Out of € 4.5 bln Financial Assets3.8+
Revolving Credit Facility of € 4 bln expiring in May 20264.0=
Liquidity Margin

7.8

 

  • Average debt maturity: 6.90 years (only bond maturity: 5.76 years)
  • Fixed rate portion on gross debt approximately 80%
  • About 29% of the outstanding bonds (face value) is denominated in USD and 11% in BRL, fully hedged vs accounting currencies
  • Cost of debt: ~6.0%

NOTE: The figures are net of the adjustment due to the fair value measurement of derivatives and related financial liabilities/assets, as follows:

the impact on Gross Financial Debt is equal to 333 €/mln (of which 66 €/mln on bonds),

the impact on Financial Assets is equal to 332 €/mln, 

therefore, the Net Financial Indebtedness is adjusted by 1 €/mln.