Investor Presentaiton
Strong Balance Sheet and Liquidity
Disciplined leverage profile and consistent access to capital markets provides
flexible balance sheet to navigate varying market environments
Balanced Debt Profile with Long-term Maturities
($ in millions)
Strong liquidity profile
• Current cash and cash equivalents
-$1,185 million
• Undrawn credit facility
$200
- $200 million
$500 $500
$1,185
$400
$300
Investment grade capital structure
• Senior Notes - $1.7 billion
• Nearest maturity ~4 years.
• No financial covenants
Weighted average coupon -4.13%
2021 2022 2023 2024 2025 2026 2027 2028 2029
I Cash & cash equivalents Undrawn revolver Senior Notes
Investment Grade Credit Ratings
Fitch
S&P
BBB+ Stable
BBB+ Stable
LAZARD
As of September 30, 2021
Moody's
Baa3 Stable
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