Suggestions

    Debt info

    Debt structure

    Signify’s debt consist of bonds (EUR) and bank borrowings (term loans in EUR and USD).

     

    Signify also has a EUR 500 million committed multi-currency revolving credit facility (RCF), signed in January 2020, with a maturity in January 2027. To date, Signify’s revolving credit facility has remained undrawn.

     

    The term loans and RCF agreement include a financial covenant providing that Signify maintains a net leverage ratio of no greater than 3.5x. The net leverage ratio may temporarily increase to 4.0x within 12 months of the closing of material acquisitions. The covenant does not apply if the company has at least one investment grade rating, which is currently the case (link to credit rating).

     

    Signify’s long-term debt profile per December 31st, 2021 consists of EUR 1,275 million in bonds and EUR 479 million in term loans:

    Signify’s long-term debt profile per December 31st, 2021

    Bonds

    The profile of the outstanding bonds is summarized in the table below:

    Outstanding Bonds
    Interest rate
    Issue date
    Maturity
    ISIN Code
    Final terms
    EUR 675 million
    2.000%
    2020
    2024
    XS2128498636
    EUR 600 million
    2.375%
    2020
    2027
    XS2128499105

    Credit Rating

    As part of its capital allocation policy, Signify remains focused on maintaining a robust capital structure to support its commitments to an investment grade credit rating:

    Rating agency
    Credit rating
    Outlook
    Moody's
    Baa3
    Stable
    Standard & Poor’s
    BBB-
    Stable
    Trust deeds and agency agreements

    Calendar & Events

     

    October 1, 2022

    Closed period pre Q3 results

     

    October 28, 2022

    Q3 results 2022

     

    October 31, 2022

    Q3 roadshow

    Subscribe

    Contact us

     

    Contact Investor relations

    +31 20 24 55340

    IR@signify.com