Debtholders 

Getlink SE Green Bonds

Description

  • ISIN
    XS1886399093 – Getlink SE, €550,000,000 Senior Secured Notes due 2023
  • Nominal
    €1,000
  • Number
    550,000
  • Issued on
    3 October 2018
  • Interest rate
    3.625% per annum
  • Paid semi-annually on
    30 June and 30 December
  • Maturity date
    1 October 2023
  • Optional redemption
    • First call date
      1 October 2020
    • Redemption prices
      101.813% from 1 October 2020
      100.906% from 1 October 2021
      100.000 % from 1 October 2022
  • Listed
    Euronext Dublin

Allocation reports – Green Bond

Green Bond Proceeds – Allocation Report – March 2020

Green Bond issue Documentation – September 2018

Eurotunnel debt

Description – Eurotunnel Term Loan

In April 2018, the corporate reorganisation of the Group lead to the creation of a separate “Eurotunnel” sub-group for the operation of the Fixed Link distinct from the Group’s other business sectors. This involved the transfer of the two Concessionaires companies (FM SA and CTG Ltd) to Eurotunnel Holding SAS, which became the new holding company for the sub-group and replaced Getlink SE as guarantor in respect of the Term Loan.

As at 31 December 2019, the Term Loan put in place on 28 June 2007, as modified on 24 December 2015, 6 June 2017 and 13 April 2018 comprises the following elements:

 

£1 = €1.175 Rate Final maturity Outstanding debt as at 31 December 2019 Nominal value
Tranches
% GBP £ EUR € Combined in EUR €
A1/A4 (inflation linked) 2.887/3.377 2042/2041 284,454,033 68,958,582 403,192,071
A2/A5 (inflation linked) 2.887/3.377 2042/2041 142,227,017 138,861,801 305,978,546
A3/A6 (fixed rate) 3.487/3.977 2042/2041 284,454,033 138,861,801 473,095,290
B1/B2 (fixed rate) 6.631/6.182 2046/2041 324,794,593 531,011,359 912,645,006
C1B (fixed rate) 3.848 2046-2050 336,500,000 395,387,500
C2C (fixed rate) 3.748 2041-2050 83,000,000 83,000,000
C2D (fixed rate) 3.748 2041-2050 140,000,000 140,000,000
C2A (fixed to 20 June 2022) 1.1761** 425,000,000 425,000,000
C2B (fixed to 20 June 2027) 2.706** 528,000,000 528,000,000
C1A (fixed to 20 June 2029) 3.043** 350,000,000 411,250,000
Total £1,722,429,676 €2,053,693,543 €4,077,548,412

** then Euribor/Libor +4% fully covered by fixed rate swaps.

Lender: Channel Link Enterprises Finance Plc (CLEF), a debt securitisation vehicle created by the original lenders in August 2007

Eurotunnel Holding SAS – Documentation