LensCrafters 2015 Annual Report Download - page 138

Notes to the consolidated financial statement as of December 31, 2015 Page 44 di 68
Type Series
Issuer/
Borrower
Issue Date CCY Amount
Outstanding
amount at
the
reporting
date
Coupon/
Pricing
Interest rate
as of
December 31,
2015
Maturity
Private Placement D Luxottica US
Holdings
January 29,
2010 USD 50,000,000
50,000,000 5.190% 5.190%
January 29,
2017
Private Placement G Luxottica
Group S.p.A.
September 30,
2010 EUR 50,000,000
50,000,000 3.750% 3.750%
September 15,
2017
Private Placement C Luxottica US
Holdings July 1, 2008 USD 128,000,000
128,000,000 6.770% 6.770% July 1, 2018
Private Placement F Luxottica US
Holdings
January 29,
2010 USD 75,000,000
75,000,000 5.390% 5.390%
January 29,
2019
Bond (Listed on
Luxembourg Stock
Exchange)
Luxottica
Group S.p.A.
March 19,
2012 EUR 500,000,000
500,000,000 3.625% 3.625%
March 19,
2019
Private Placement E Luxottica US
Holdings
January 29,
2010 USD 50,000,000
50,000,000 5.750% 5.750%
January 29,
2020
Private Placement H Luxottica
Group S.p.A.
September 30,
2010 EUR 50,000,000
50,000,000 4.250% 4.250%
September 15,
2020
Private Placement I Luxottica US
Holdings
December 15,
2011 USD 350,000,000
350,000,000 4.350% 4.350%
December 15,
2021
Bond (Listed on
Luxembourg Stock
Exchange)
Luxottica
Group S.p.A.
February 10,
2014 EUR 500,000,000
500,000,000 2.625% 2.625%
February 10,
2024
On March 19, 2012, the Group completed an offering in Europe to institutional investors of Euro 500 million of senior
unsecured guaranteed notes due March 19, 2019. The Notes are listed on the Luxembourg Stock Exchange under
ISIN XS0758640279. Interest on the Notes accrues at 3.625% per annum. The Notes are guaranteed on a senior unsecured basis
by U.S. Holdings and Luxottica S.r.l. When issued, the Notes were assigned a “BBB+” credit rating by Standard & Poor’s
Ratings Services (“Standard & Poor’s”) and, on January 20, 2014, the Notes were upgraded to an “A-” credit rating by
Standard & Poor’s.
On April 29, 2013, the Group’s Board of Directors authorized a Euro 2 billion “Euro Medium Term Note Programme”
pursuant to which Luxottica Group S.p.A. may from time to time offer notes to investors in certain jurisdictions (excluding the
United States, Canada, Japan and Australia). The notes issued under this program are listed on the Luxembourg
Stock Exchange.
On February 10, 2014, the Group completed an offering in Europe to institutional investors of Euro 500 million of senior
unsecured guaranteed notes due February 10, 2024 under the Group’s Euro Medium Term Note Programme. The Notes are
listed on the Luxembourg Stock Exchange under ISIN XS1030851791. Interest on the Notes accrues at 2.625% per annum. The
Notes were assigned an “A-” credit rating by Standard & Poor’s.
On February 27, 2015, the Group terminated its Euro 500 million revolving credit facility entered into on April 17, 2012 by the
Group and U.S. Holdings guaranteed by Luxottica Group, Luxottica S.r.l. and U.S. Holdings prior to its stated maturity. The
agent for this credit facility is Unicredit AG Milan Branch and the other lending banks are Bank of America Securities Limited,
Citigroup Global Markets Limited, Crédit Agricole Corporate and Investment Bank—Milan Branch, Banco Santander S.A.,
The Royal Bank of Scotland PLC and Unicredit S.p.A. As of the date of termination, the facility was undrawn.
On July 1, 2015, the Group repaid the USD 127 million Series B Senior Guaranteed Notes issued on July 1, 2008.
On November 10, 2015, the Group repaid the Euro 500 million Senior Unsecured Guaranteed Notes issued on November 10,
2010 (ISIN XS0557635777).