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 |
|
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 |
11 December 2020 |
F3 |
BBB- (outlook stable) |
