Q3 Fiscal 2019
Q3 Capital Structure
($'s in Millions)
Secured term loan B-1
Secured term loan B-2
$2.1B ABL revolver
Unsecured bonds & premium (SVU) (¹)
Capital leases
Equipment loans
Total Debt (face value)
Restricted cash - SVU notes (²)
Balance sheet cash
Total Debt Net of Cash (face value)
Cumulative Net Debt Reduction Sine Q1 FY19
Maturity
October 2025
October 2019
October 2023
7 | Better Food. Better Future.
Variou
Various
Rate
L +4.25%
L + 2.00%
L + 1.50% / Prime + 0.50%
7.41%
Various
Various
$
$
Q1 FY19
1,800
150
1,327
547
211
42
Q2 FY19
$ 1,800
103
1,242
4,077 $
(566)
(59)
3,452 $
$
153
40
Q3 FY19
(1) Includes $530M of SVU note principal and $17M of prepayment premiums (classified as debt on Q1 FY19 balance sheet)
(2) There was an additional $19M of Restricted cash on the Q1 FY19 balance sheet set aside to pay accrued interest on the SVU notes redeemed on 11/21/18
(3) Includes cash of Discontinued Operations. There is no debt in Discontinued Operations.
$
3,338 $
(54)
3,284 $
(54) $
1,795
94
1,217
149
46
3,301
(41)
3,260
(192)
UNFL
BETTER FOOD. BETTER FUTURE.View entire presentation