Assystem - Registration Document 2016

FINANCIAL STATEMENTS

CONSOLIDATED FINANCIAL STATEMENTS

SIGNIFICANT EVENTS AFTER THE REPORTING DATE

NOTE 14

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.

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

6

121

ASSYSTEM

REGISTRATION DOCUMENT 2016