LensCrafters 2012 Annual Report Download - page 237

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| 151 >CONSOLIDATED FINANCIAL STATEMENTS - NOTES
The table below summarizes the main terms of the Group’s long-term debt.
Type
(thousands of Euro) Series Issuer/Borrower Issue date CCY Amount
Outstanding
amount at
the reporting
date
Coupon/
Pricing
Interest rate as
of December
31, 2012 Maturity
Multicurrency Euro/USD
Revolving Credit Facility Tranche C Luxottica Group S.p.A./
Luxottica US Holdings
03.06.2004 Euro 725,000,000 - Euribor
+ 0.20%/0.40%
- 17.04.2012
Oakley Term Loan 2007 Tranche E Luxottica Group S.p.A. 14.11.2007 USD 500,000,000 - Libor
+ 0.20%/0.40%
- 15.10.2012
USD Term loan 2004 Tranche B Luxottica US Holdings 03.06.2004 USD 325,000,000 60,411,904 Libor
+ 0.20%/0.40%
0.410% 03.03.2013
Revolving Credit Facility Intesa 250 Luxottica Group S.p.A. 29.05.2008 Euro 250,000,000 70,000,000 Euribor
+ 0.40%/0.60%
0.589% 29.05.2013
Private Placement A Luxottica US Holdings 01.07.2008 USD 20,000,000 20,000,000 5.960% 5.960% 01.07.2013
Oakley Term Loan 2007 Tranche D Luxottica US Holdings 14.11.2007 USD 1,000,000,000 230,919,721 Libor
+ 0.20%/0.40%
0.457% 12.10.2013
Term Luxottica Group S.p.A. 11.11.2009 Euro 300,000,000 300,000,000 Euribor
+ 1.00%/2.75%
1.110% 30.11.2014
Private Placement B Luxottica US Holdings 01.07.2008 USD 127,000,000 127,000,000 6.420% 6.420% 01.07.2015
Bond (Listed on Luxembourg
Stock Exchange/no covenants)
Luxottica Group S.p.A. 10.11.2010 Euro 500,000,000 500,000,000 4.000% 4.000% 10.11.2015
Private Placement D Luxottica US Holdings 29.01.2010 USD 50,000,000 50,000,000 5.190% 5.190% 29.01.2017
Revolving Credit Facility 2012 Luxottica Group S.p.A. 17.04.2012 Euro 500,000,000 - Euribor
+ 1.30%/2.25%
- 10.04.2017
Private Placement G Luxottica Group S.p.A. 30.09.2010 Euro 50,000,000 50,000,000 3.750% 3.750% 15.09.2017
Private Placement C Luxottica US Holdings 01.07.2008 USD 128,000,000 128,000,000 6.770% 6.770% 01.07.2018
Private Placement F Luxottica US Holdings 29.01.2010 USD 75,000,000 75,000,000 5.390% 5.390% 29.01.2019
Bond (Listed on Luxembourg
Stock Exchange/no covenants) Luxottica Group S.p.A. 19.03.2012 Euro 500,000,000 500,000,000 3.625% 3.625% 19.03.2019
Private Placement E Luxottica US Holdings 29.01.2010 USD 50,000,000 50,000,000 5.750% 5.750% 29.01.2020
Private Placement H Luxottica Group S.p.A. 30.09.2010 Euro 50,000,000 50,000,000 4.250% 4.250% 15.09.2020
Private Placement I Luxottica US Holdings 15.12.2011 USD 350,000,000 350,000,000 4.350% 4.350% 15.12.2021
The floating rate measures under “Coupon/Pricing” are based on the corresponding
EURIBOR (LIBOR for USD) plus a margin in the range, indicated in the table, based on the
“Net Debt/EBITDA” ratio, as defined in the applicable debt agreement.
The USD Term Loan 2004 - Tranche B, Oakley Term Loan 2007 Tranche D and Tranche E
and Revolving Credit Facility Intesa 250 were hedged by interest rate swap agreements
with various banks. The Tranche B swaps expired on March 10, 2012 and the Tranche D
and E swaps expired on October 12, 2012.
As of December 31, 2012 there are still eight interest rate swap transactions with an
aggregate initial notional amount of Euro250 million with various banks “Intesa Swaps”.
The “Intesa Swaps” will decrease in notional amount on a quarterly basis, following the
amortization schedule of the underlying facility. The Intesa Swaps will expire on May 29,
2013. The “Intesa Swaps” were entered as a cash flow hedge on the Intesa Sanpaolo S.p.A.