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