48 / 140
The detail, by maturity, of the balances of “Trade Payables - Other Non-Current Liabilities” at
31 December 2015 is as follows:
Thousands of euros
2017
2018
2019
Total
Trade payables
44,333
1,644
60
46,037
Other non-current payables
574
-
-
574
Other non-current liabilities
44,907
1,644
60
46,611
The detail, by maturity, of the items included under “Other Non-Current Liabilities” at 31
December 2014 is as follows:
Thousands of euros
2016
2017
2018
Total
Trade payables
45,639
4,710
42
50,391
Other non-current payables
304
-
-
304
Other non-current liabilities
45,943
4,710
42
50,695
13. Bank borrowings
On 4 May 2015, the Parent, Atresmedia Corporación de Medios de Comunicación, S.A.,
arranged a new syndicated loan of EUR 270,000 thousand, which was earmarked to repay
the syndicated financing arranged in August 2013 and to meet the Parent's general corporate
and cash requirements. At 31 December 2015, the limit of the aforementioned financing was
EUR 270,000 thousand.
50% of the total amount is a four-year loan with partial repayments and the remaining 50%
is a credit facility maturing at four years. Eight banks with which the Parent has regular
dealings participated in the transaction.
At 31 December 2015, a portion of the financing had not been drawn down as a result of the
cash surplus generated at the end of the year.
The applicable interest rate is Euribor plus a market spread and the transaction is subject to
compliance with financial covenants habitually used in transactions of this kind: the debt to
EBITDA ratio and the interest coverage ratio. The fair value of this financing approximates its
carrying amount.
The detail of the items included under “Bank Borrowings” at 31 December 2015 and 2014 is
as follows:
2015
2014
Thousands of euros
Limit
Short-term
balance
drawn down
Long-term
balance
drawn down
Limit
Short-term
balance
drawn down
Long-term
balance
drawn down
Syndicated financing
270,000
13,500
127,437
235,750
37,574
126,331
Credit facilities
70,000
17,823
-
-
-
Interest payable
-
721
-
-
1,432
-
Total
340,000
32,044
127,437
235,750
39,007
126,331