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134 2014 Registration Document
Comments on 2014 fiscal year
4
Parent company financial review
◗
3
rd
contract (Revolving Facility Agreement) signed on
April 4, 2012, modified by an amendment dated July 19, 2013
The syndicated loan agreement (Revolving Facility Agreement), as
modified, provides on the period a revolving line of credit in the amount
of 1,100 million euros. The term of the agreement is 4 years (termination
date April 2016).
The interests due on the amounts used are calculated based on EURIBOR
plus an initial margin of 0.65% and mandatory costs. The initial margin
of 0.65% is adjusted on the basis of a credit margin grid depending
on the long term credit rating. In addition to interests, a utilization fee is
charged based on the portion of the loan used (fee representing from
0.15% to 0.45% of the portion of the loan used).
If the line of credit is not used, Carrefour must pay a non-utilization fee
equal to 35% of the margin (35% of the margin of 0.65% adjusted, if
applicable, on the basis of the credit margin grid).
This agreement has been modified by a new amendment dated July 31,
2014. This amendment is subject to the approval of the shareholders’
meeting approving the year-ended December 31, 2014 financial
statements.
At December 31, 2014, the Company had not drawn on these lines
of credit.
The Statutory Auditors
Courbevoie, Paris-La Défense and Neuilly-sur-Seine, April 24, 2015
French original signed by
MAZARS
KPMG Audit
Department of KPMG S.A.
DELOITTE & ASSOCIÉS
Pierre Sardet
Eric Ropert
Patrick-Hubert Petit
Arnaud de Planta