We currently have in place the following committed revolving credit facilities, as of 7 September 2015.
| Amount |
Description |
Maturity date |
| £950m |
Five year facility with two one year options to extend to 2022 |
September 2020 |
Private placement Notes
On 13th August 2010 we completed a financing transaction in the US private placement market. We issued loan notes in a combination of sterling and USD at maturities of both seven and ten years with a fixed coupon payable semi-annually. Further details of the loan notes are set out below.
| Title |
Principal value |
Maturity |
Coupon |
| Series A loan notes |
$40m |
13-Aug-17 |
4.55% |
| Series B loan notes |
$75m |
13-Aug-20 |
5.23% |
| Series C loan notes |
£25m |
13-Aug-20 |
5.19% |
On 6 September 2011, we completed a financing transaction in the US private placement market. We issued loan notes in a combination of sterling and USD at maturities of both seven and ten years with a fixed coupon payable semi-annually. The total loan commitments are in two tranches and the second commitment is planned for completion on 26 January 2012. Details of the loan notes are as follows.
| Title |
Principal value |
Maturity |
Coupon |
| Series A loan notes |
$60m |
26-Jan-19 |
3.92% |
| Series B loan notes |
$56.5m |
26-Jan-19 |
4.12% |
| Series C loan notes |
$93.5m |
26-Jan-22 |
4.86% |
| Series D loan notes |
£25m |
6-Jan-21 |
4.89% |
The USD denominated loans for both issues are swapped to sterling and further details of the interest rates are set out in the financial statements.
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 |
May 2016 |
|
BBB (stable outlook) |