GlobalReport 2013

Financial strategy and debt facilities

The Group's long-term financial strategy is based on the following principles:

- Financial flexibility
- Adequate maturities, in line with the group cash flow profile
- Cost efficiency
- Diversification of funding sources

In line with the above outlined strategy, in May 2011 Amadeus signed an agreement with a group of international banks to refinance its existing debt through a new senior unsecured facility with limited covenants, longer maturities and significantly lower costs. In addition, in July 2011 Amadeus refinanced part of this facility (bridge loan) with a €750 million 5 year Eurobond through its subsidiary Amadeus Capital Markets, S.A.


Overview of Amadeus' Debt Structure

Debt maturity profile as of December 31, 2014 (€mm)

(Click on image to enlarge)