Investor Presentaiton
Debt & interest overview
Debt Breakdown
Tranche
31
Fixed vs Floating Debt Trend
As of September 29, 2023
9/29 Debt
Q3 '23 Rate
Q4'23 Rate
Revolver ($2.25B)
$10M
6.5%
6.7%
USD Term Loans
$197M
6.5%
6.7%
$31.1
$37.1
$33.0
$36.0
$36.1
$25.1
$21.6
GBP Term Loans
$799M
6.2%
6.5%
Total Floating
$1,006M
6.3%
6.5%
Sustainability-Linked Bond
$500M
5.0%
5.0%
Public Bond - 5Y
$600M
6.4%
$0.9
$1.4
$1.4
$1.4
Swapped
$769M
2.0%
2.1%
$1.4
$1.4
Total Fixed
$1,869M
3.1%
4.3%
$1.9
Total Debt
$2,875M
5.0%
5.0%
$2.6
$2.2
$2.0
$2.1
$1.8
$1.8
Hedge
Notional
(USD)
Fair Value
Fixed Rate¹
$1.0
Maturity
10 YR USD Floating
$200M
$37M
5 YR USD Floating
$325M
$20M
1.116% + Spread
0.704% +Spread
Apr '30
Q2'22
Q3'22
Q4'22
Q1'23
Q2'23
Q3'23
Q4'23
Feb '25
Fixed Debt ($B's)
10 YR GBP Floating
$244M
$50M
0.82% Spread
Apr '30
Total
$769M
$102M
Floating Debt ($B's)
Net Interest Expense ($M's)
1Fixed Rates and spread includes new amendments
OJacobs 2023View entire presentation