Vodafone 2013 Annual Report Download - page 159

Committed facilities
In aggregate we have committed facilities of approximately £15,354 million, of which £7,672 million was undrawn and £7,682 million was drawn
at 31 March 2013. The following table summarises the committed bank facilities available to us at 31 March 2013.
Committed bank facilities Amounts drawn Terms and conditions
1 July 2010
€4.2 billion syndicated
revolvingcredit facility,
maturing 1July 2015
No drawings have been made against
this facility. The facility supports our
commercial paper programmes and
may be used for general corporate
purposes including acquisitions.
Lenders have the right, but not the obligation, to cancel their
commitments and have outstanding advances repaid no sooner than
30 days after notication of a change of control. This is in addition to the
rights of lenders to cancel their commitment if we commit an event
of default; however, it should be noted that a material adverse change
clause does not apply.
The facility agreements provide for certain structural changes that
do no affect the obligations to be specically excluded from the
denition of a change of control.
9 March 2011
US$4.2 billion syndicated
revolving credit facility, with
US$0.1 billion maturing 9 March
2016 and US$4.1 billion
maturing 9 March 2017
No drawings have been made against
this facility. The facility supports our
commercial paper programmes and
may be used for general corporate
purposes including acquisitions.
16 November 2006
€0.4 billion loan facility,
maturing 14 February 2014
This facility was drawn down in full
on 14 February 2007.
As the syndicated revolving credit facilities with the addition that,
should our Turkish operating company spend less than the equivalent
of €0.8billion on capital expenditure, we will be required to repay the
drawn amount of the facility that exceeds 18% of the capital expenditure.
28 July 2008
€0.4 billion loan facility,
maturing 12 August 2015
This facility was drawn down in full
on 12 August 2008.
As the syndicated revolving credit facilities with the addition that,
should our Italian operating company spend less than the equivalent
of €1.5billion on capital expenditure, we will be required to repay the
drawn amount of the facility that exceeds 18% of the capital expenditure.
15 September 2009
€0.4 billion loan facility,
maturing 30 July 2017,
for the German virtual digital
subscriber line (‘VDSL’) project
This facility was drawn down in full
on 30 July 2010.
As the syndicated revolving credit facilities with the addition that,
should our German operating company spend less than the equivalent
of €0.8billion on VDSL related capital expenditure, we will be required
to repay the drawn amount of the facility that exceeds 50% of the VDSL
capital expenditure.
29 September 2009
US$0.7 billion export
credit agency loan
facility, nalmaturity date
19 September 2018
This facility is fully drawn down and
is amortising.
As the syndicated revolving credit facilities with the addition that the
Company was permitted to draw down under the facility based upon the
eligible spend with Ericsson up until the nal draw down date of 30 June
2011. Quarterly repayments of the drawn balance commenced
on 30 June 2012 with a nal maturity date of 19 September 2018.
8 December 2011
€0.4 billion loan facility,
maturing on the seven year
anniversary of the rst drawing
This facility is undrawn and has
an availability period of 18 months.
The facility is available for nancing
a project to increase the service
availability of the UMTS (3G) mobile
network in Italy.
As the syndicated revolving credit facilities with the addition that,
should our Italian operating company spend less than the equivalent
of €1.3billion on capital expenditure, we will be required to repay the
drawn amount of the facility that exceeds 50% of the capital expenditure.
20 December 2011
€0.3 billion loan facility,
maturing on the seven year
anniversary of the rst drawing
This facility was drawn down in full
on 18 September 2012.
As the syndicated revolving credit facilities with the addition that, should
our Turkish and Romanian operating companies spend less than the
equivalent of €1.3 billion on capital expenditure, we will be required
to repay the drawn amount of the facility that exceeds 50% of the
capital expenditure.
4 March 2013
€0.1 billion loan facility,
maturing on the seven year
anniversary of the rst drawing
This facility is undrawn and has
an availability period of nine months.
The facility is available for nancing
a project to upgrade and expand the
mobile telecommunications network
in Turkey.
157 Vodafone Group Plc
Annual Report 2013
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