Chrysler 2014 Annual Report Download - page 87

2014 | ANNUAL REPORT 85
(ii) payment of medium-term borrowings for a total of €5,838 million, mainly related to the prepayment of all amounts
under the VEBA Trust Note amounting to approximately U.S.$5 billion (€3.6 billion), including accrued and unpaid
interest, and repayment of medium term borrowings primarily in Brazil;
(iii) the repayment on maturity of notes issued under the GMTN Program, for a total principal amount of
€2,150 million;
(iv) the net cash disbursement of €417 million for the exercise of cash exit rights in connection with the Merger.
Financing Activities —Year Ended December 31, 2013
For the year ended December 31, 2013, net cash from financing activities was €3,136 million and was primarily the
result of:
(i) proceeds from bond issuances for a total amount of €2,866 million, relating to notes issued as part of the GMTN
Program;
(ii) the repayment on maturity of notes issued under the GMTN Program in 2006, for a total principal amount of €1
billion;
(iii) proceeds from new medium-term borrowings for a total of €3,188 million, which mainly include (a) new borrowings
by the Brazilian companies for €1,686 million, primarily in relation to investments in the country (b) €400 million
loan granted by the European Investment Bank in order to fund our investments and research and development
costs in Europe and (c) €595 million (U.S.$790 million) related to the amendments and re-pricings in 2013 of the
U.S.$3.0 billion tranche B term loan which matures May 24, 2017 and the revolving credit facility that matures in
May 2016. In particular, pursuant to such amendments and re-pricings in 2013, an amount of U.S.$790 million
of the outstanding principal balance of the U.S.$3.0 billion tranche B term loan which matures May 24, 2017 was
repaid. However, new and continuing lenders acquired the portion of such loan, therefore the principal balance
outstanding did not change. Refer to —FCA US Senior Credit Facilities, below, for additional information regarding
this transaction;
(iv) repayment of medium-term borrowings on their maturity for a total of €2,558 million, including the €595 million
(U.S.$790 million) relating to the amendments and re-pricings of the Senior Credit Facilities described above; and
(v) a positive net contribution of €677 million from the net change in other financial payables and other financial
assets/liabilities.
Financing Activities —Year Ended December 31, 2012
For the year ended December 31, 2012, net cash from financing activities was €1,610 million and was primarily the
result of:
(i) proceeds from bond issuances for a total amount of €2,535 million, relating to notes issued as part of the GMTN
Program;
(ii) the repayment on maturity of notes issued as part of the GMTN Program in 2009, for a total principal amount of
€1,450 million;
(iii) proceeds from new medium-term borrowings for a total of €1,925 million, which include new borrowings by the
Brazilian companies for €1,236 million, mainly in relation to investments and operations in the country;
(iv) repayment of medium-term borrowings on their maturity for a total of €1,535 million;
(v) a positive net contribution of €171 million from the net change in other financial payables and other financial
assets/liabilities; and
(vi) dividends paid to shareholders and minorities for a total €58 million.