At the end of 2015, Amer Sports’ net debt was EUR 460.3 million (419.1). In the 2010-2015 strategic glidepath, the Group’s financial balance sheet target was to have a year-end net debt / EBITDA ratio of 3 or less. At the end of 2015, the ratio was 1.7 excluding non-recurring items (2.0).
REFINANCING NEEDS WELL COVERED
- Cash EUR 229.9 million and unused committed facilities EUR 150 million (June 30, 2016)
- Commercial paper program in size of EUR 500 million; out of which EUR 49.9 million utilized
- No scheduled repayments of long-term loans in 2016 or in 2017
- Average interest rate of loan portfolio 2.1% (June 30, 2015: 2.8%)
INTEREST BEARING LIABILITIES
Outstanding public corporate bond issuances by Amer Sports Corporation
|Issuer name||Bloomberg ticker||ISIN||Coupon||Announce||Maturity||Amount issued||Curr|
|Amer Sports Oyj||AMEAS||SE0005498219||FLOAT||6.11.2013||6.11.2018||750 000 000||SEK|
Amer Sports does not have an official credit rating.