QUADIENT - 2019 Universal Registration Document

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FINANCIAL STATEMENTS Consolidated financial statements

12-2-6: BREAKDOWN BY INTEREST RATE

As part of its financial policy, Quadient actively hedges its variable-rate and fixed-rate debt.

Drawdown rate

31 January 2020 Total effective rate *

Type of rate

Reference rate

Bonds issue – Neopost S.A. 2.50 % Bonds issue – Neopost S.A. 2.25 %

Fixed

2.50

-

2.5850

Fixed

2.25

2.3750

Between 3.89 and 4.50 depending on maturity

Between 4.03 and 4.63 depending on maturity

United States private placement

Fixed

-

Variable

LIBOR USD 3 months 1.90013

4.0328

Schuldschein 2017

Between 1.10 and 1.833 depending on maturity

Between 1.2181 and 1.9208 depending on maturity

Schuldschein – Neopost S.A. EUR 61.5M

Fixed

-

Schuldschein – Neopost S.A. EUR 14.5M Variable

EURIBOR 6 months

1.1000

1.3296

Schuldschein – Neopost S.A. EUR 45.0M Variable

EURIBOR 6 months

1.4000

1.7471

Schuldschein – Neopost S.A. EUR 14.0M Variable

EURIBOR 6 months

1.5500

1.9995

Schuldschein – Neopost S.A. USD 7.5M

Fixed

4.056

-

4.1439

Schuldschein – Neopost S.A. USD 30.0M Variable

LIBOR USD 3 months 4.4000

4.0399

Schuldschein – Neopost S.A. USD 33.0M Variable

LIBOR USD 3 months 4.7000

4.2811

Schuldschein – Neopost S.A. USD 16.0M Variable

LIBOR USD 3 months

4.6100

4.9579

Schuldschein 2019

Between 1.30 and 1.96 depending on maturity

Between 1.415 and 2.029 depending on maturity

Schuldschein – Neopost S.A. EUR 66.5M

Fixed

Schuldschein – Neopost S.A. EUR 21.5M Variable

EURIBOR 6 months

1.3000

1.4130

Schuldschein – Neopost S.A. EUR 37.0M Variable

EURIBOR 6 months

1.5000

1.5920

Schuldschein – Neopost S.A. EUR 5.0M Variable

EURIBOR 6 months

1.7500

1.8170

Schuldschein – Neopost S.A. USD 71.0M Variable

LIBOR 3 months 3.50988

4.2820

Schuldschein – Neopost S.A. USD 19.0M Variable

LIBOR 3 months 3.75988

4.5100

Revolving credit facility 0.9137 The total effective rate for the transaction is calculated on completion and includes costs relating to the transaction. * Variable LIBOR USD/EUR 1 month -

12-2-7: CREDIT LINES

The Group had the following revolving credit facility at 31 January 2020 which can be drawn in euros (EUR) and United States dollars (USD):

Amount of the credit line

Amounts drawn at 31 January 2020

Number of banks in the pool

Expiry of facility

Bank pool

EUR 400 million

-

June 2024

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Interest rates are indexed to EURIBOR or LIBOR USD plus a between 0.50 % and 1.15 % . An additional margin of 0.25 % is margin depending on the leveraged ratio based on the added to the margin for the drawdown in United States consolidated financial statements excluding leasing dollars. activity. The margin is fixed at 0.60 % and may vary

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UNIVERSAL REGISTRATION DOCUMENT 2019