95
2013
Annual Report
31
At 31 December 2013 loans and borrowings are as follows:
Details of loans and borrowings at 31 December 2012 are as follows:
On 19 December 2012 the Company signed a Euros 200 million loan contract with Kutxabank, which was broken
down in two tranches as follows:
Tranche A, of Euros 125 million, for the repayment of a short-term loan obtained in 2012 to cover cash
requirements deriving from the resolution of the lawsuit involving France Telecom. The full amount of
this loan has been drawn down since 31 December 2012.
Tranche B, with a limit of Euros 75 million. A drawdown schedule for this amount has been set until
2016, based on repayments corresponding to Kutxabank's share of the 2007 and 2009 loans. Euros 24.2
million has been drawn down on this tranche at 31 December 2013 (Euros 5 million at 31 December
2012).
The combined repayment of tranches A and B will be made in six half-yearly instalments starting in December
2016.
On 22 March 2013, the Company signed a non-extinguishing novation addendum to the aforementioned contract
entered into with Kutxabank on 19 December 2012, which modifies certain terms of the aforementioned
contract, particularly those referring to the loan principal (down from Euros 200 million to Euros 130.5 million
by reducing tranche A by Euros 69.5 million) and, consequently, the repayment schedule, according to which,
the loan will be repaid in six half-yearly instalments starting in December 2017, the first of which amounts to
Euros 5.5 million and the remaining instalments, Euros 25 million.
Group
companies
and
associates
Other
companies
Group
companies
and
associates
Other
companies
Total
Nominal amounts
23,333
61,833
107,167
117,000 309,333
Credit facilities and other borrowings
(21)
23,286
-
-
23,265
Loan arrangement costs to
be expensed
(630)
(824)
(2,751)
(1,413)
(5,618)
Cash flow hedges
-
-
562
331
893
Total
22,682
84,295
104,978
115,918 327,873
Current
Non-current
Group
companies
and
associates
Other
companies
Group
companies
and
associates
Other
companies
Total
Nominal amounts
19,166
64,166
180,834
109,334 373,500
Credit facilities and other borrowings
11,266
27,529
-
-
38,795
Loan arrangement costs payable
5,500
-
-
-
5,500
Loan arrangement costs to
be expensed
(927)
(570)
(5,039)
(628)
(7,164)
Total
35,005
91,125
175,795
108,706 410,631
Current
Non-current
