Chrysler 2015 Annual Report Download - page 73

2015 | ANNUAL REPORT 73
Financing Activities —Year Ended December 31, 2013
For the year ended December31, 2013, net cash from financing activities of €3,136 million was primarily the result of:
(i) proceeds from the issuance of notes under the GMTN Programme for a total amount of €2,866 million;
(ii) proceeds from new medium-term borrowings for a total of €3,188 million, which mainly included (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 EIB 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; and
(iii) a positive net contribution of €662 million from the net change in other financial payables and other financial assets
and liabilities.
These positive items, were partially offset by:
(iv) the repayment at maturity of notes that had been issued under the GMTN Programme for a total principal amount
of €1 billion; and
(v) repayment of medium-term borrowings for a total of €2,556 million, including the €595million (U.S.$790 million)
relating to the amendments and re-pricings of the senior credit facilities of FCA US.
The positive translation exchange differences for the years ended December 31, 2015 and 2014 of €681 million
and €1,219 million, respectively and the negative translation exchange differences for the year ended December 31,
2013 of €911 million mainly reflected the change in the Euro-translated value of cash and cash equivalent balances
denominated in U.S.$.