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203
2014 Registration Document
Consolidated Financial Statements Year ended December 31, 2014
5
Notes to the Consolidated statements
Note 43
Subsequent events
On January 22, 2015, the Group obtained a new €2,500 million five-
year bank facility (expiring in January 2020) with two one-year extension
options from a pool of 22 banks.
This facility replaces two existing facilities, for €1,591 million and
€1,458 million, expiring in July 2017 and November 2018 respectively.
The operation contributed to the ongoing strategy to secure the Group’s
long-term financing sources by extending the average maturity of its
facilities (from 3.5 years to 4.7 years at January 22, 2015), and reduce
the related borrowing costs, while aligning their amount with the Group’s
needs.
On January 27, 2015, the Group carried out a new €750 million10.3-
year 1.25% bond issue due June 2025. The issue’s settlement date
was February 3, 2015.
The issue has consolidated the Group’s long-term financing, extended
the average maturity of its bond debt (from 4.2 years to 4.8 years at
February 3, 2015) and further reduced its borrowing costs.
No events have occurred since the year-end that would have a material
impact on the Consolidated Financial Statements.
Note 44
Fees paid to the auditors
(in € millions)
2014
2013
Deloitte &
Associés
KPMG
Mazars
Total
Deloitte &
Associés
KPMG
Mazars
Total
Audit services
2.3
10.2
2.5
15.1
2.3
9.1
2.5
13.9
Other services
0.8
0.3
0.1
1.2
0.7
0.5
0.1
1.3
TOTAL
3.1
10.5
2.6
16.3
3.0
9.6
2.6
15.2