EURAZEO_REGISTRATION_DOCUMENT_2017
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CONSOLIDATED FINANCIAL STATEMENTS Notes to the Consolidated Financial Statements
12/31/2017
Gross debt
Cash assets
Net debt
Comments/Nature of main covenants
(In thousands of euros)
Maturities: 2021 (bond issue and credit facility), 2018-2023 • ( other borrowings) Covenants: • Net debt/EBITDA (1) • Maturities: 2018 ( credit facility), 2019-2024 ( other • borrowings) Cov-Lite Term Loan B •
Asmodee
243,435
(51,960)
191,475
Carambar & Co
-
(82,365)
(82,365)
Fintrax
401,849
(46,020)
355,829
Maturities: 2024 • Covenants: •
Iberchem
120,679
(17,398)
103,281
Net debt/EBITDA (1) •
Maturities: 2023 ( credit facility), 2025 ( other borrowings) • Cov-Lite Term Loan B •
Novacap
696,879
(54,058)
642,821
Maturities: 2023 Covenants: •
Net debt/EBITDA (1) • Capex (2) • Minimum cash amount •
Sommet Education
141,460
(33,956)
107,504
Maturities: 2024 (credit facility), 2022 (revolver) • Cov-Lite Term Loan •
WorldStrides
427,810
(31,421)
396,389
Other companies
-
(120)
(120)
Total “Eurazeo Capital” net debt
2,032 ,12
(317,298)
1,714,814
Maturity: 2017 to 2031 • Covenants: •
Debt service coverage ratio • Net debt/EBITDA (1) • EBITDA (1) /net interest expense • Capex (2) •
Eurazeo PME
752,183
(111,965)
640,218
Total “Eurazeo PME” net debt
752,183
(111,965)
640,218
Maturities: 2021 (finance leases), 2023 (acquisition debt • and capex) Covenants: • LTV (4) Debt service coverage ratio • Net debt/EBITDAR (2) •
Grape Hospitality
338,269
(71,677)
266,592
Capex (3) • Hedging •
160,590 Maturity: 2027/2029 (finance leases) •
CIFA Assets/CIFA 4 Assets
166,198
(5,608)
Other companies
-
(427)
(427)
Total “Eurazeo Patrimoine” net debt
504,467
(77,712) (384,100)
426,755 (384,100)
Eurazeo
-
Other companies
70,542 70,542
(17,064)
53,478
Total “Holding company” net debt
(401,164) (908,139)
(330,622)
TOTAL NET DEBT 2,451,165 EBITDA: Earnings before interest, taxes, depreciation and amortization; adjusted where applicable in accordance with bank documents. (1) EBITDAR: Earnings before interest, taxes, depreciation, amortization and rent; adjusted where applicable in accordance with bank documents. (2) Capex: Capital Expenditure. (3) LTV: Loan To Value. (4) ICR: Interest Coverage Ratio. (5) 3,359,304
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2017 Registration document
Eurazeo
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