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Corporate debt

Information to help you make informed decisions about our credit standing and products.

We currently have in place the following committed revolving credit facilities, as of 7 September 2015.

Amount Description Maturity date
£950m Revolving Credit Facility September 2022

Private placement Notes

We completed the following financing transactions in the US private placement market on 13th August 2010, 6 September 2011 and 16 February 2017.

The current outstanding loan notes are a combination of sterling and USD at 10-year maturities with a fixed coupon payable semi-annually. The USD denominated loans are swapped to sterling and further details of the interest rates are set out in the financial statements.

Further details of the loan notes are set out below.

Title Principal value Maturity Coupon
2010 Series B loan notes $75m 13-Aug-20 5.23%
2010 Series C loan notes £25m 13-Aug-20 5.19%

2011 Series C loan notes

$93.5m 26-Jan-22

4.86%

2011 Series D loan notes £25m  6-Jan-21 4.89%
2017 Series A loan notes £100m 16-Aug-27 2.54%
2017 Series B loan notes £100m 16-Aug-27 2.63%

Bond

On 28th May 2015 Whitbread Group Plc issued £450 million 3.375% guaranteed bonds due 16th October 2025.

Credit rating

Ratings agency Date Short term Long term
Fitch 14 February 2019 F2 BBB (stable outlook)