94 REPORT ON THE CONSOLIDATED FINANCIAL STATEMENTS
Credit lines
In 2015 NH Hotel Group, S.A. and NH Finance, S.A. obtained authorisation from credit institutions participating in the syndicated loan described
above to formalise additional debt to improve the liquidity of the Group.
At 31 December 2015, the balances under this item include the amount drawn down from several loan agreements and credit facilities. The joint limit
of loan agreements and credit facilities as at 31 December 2015 amounts to 69,550 thousand euros. This amount includes a mortgage-backed line
of credit for 6,000 thousand euros. At 31/12/2015, the available amount corresponding to these credit lines amounted to 30,833 thousand euros.
The detail, by maturity, of the items included under “Non-Current and Current Payables” is as follows (in thousands of euros):
Maturity
Instrument
Limit
Available Disposed 2015
2016
2017
2018
2019 2020 Remainder
Mortgages
43,590
-
43,590
-
11,328 12,509 6,684 1,884 1,450 9,735
Fixed rate
20,884
-
20,884
-
1,321
8,284 642
663
687
9,287
Variable interest
22,706
-
22,706
-
10,007 4,225 6,042
1,221
763
448
Subordinated loans
75,000
-
75,000
-
-
-
-
-
-
75,000
Variable interest
75,000
-
75,000
-
-
-
-
-
-
75,000
Syndicated loans
242,800
-
242,800
-
21,200 37,200 180,200 700
700 2,800
Tranche A (floating rate)
104,833
-
104,833
-
9,500 9,500 85,833
-
-
-
Tranche B (floating rate)
66,667
-
66,667
-
-
-
66,667
-
-
-
Syndicated NH Europa (floating rate)
6,300
-
6,300
-
700
700
700
700
700 2,800
Syndicated refi. Germany (floating
rate)
33,000
-
33,000
-
3,000 3,000 27,000
-
-
-
Syndicated refi. Italy (floating rate)
32,000
-
32,000
-
8,000 24,000
-
-
-
-
Morgate credit line
6,000
4,144
1,855
-
1,855
-
-
-
-
-
Variable interest
6,000
4,144
1,855
-
1,855
-
-
-
-
-
Convertible bonds
233,251
-
233,251
-
-
-
233,251
-
-
-
Fixed rate
233,251
-
233,251
-
-
-
233,251
-
-
-
Guaranteed senior notes
250,000
-
250,000
-
-
-
250,000 -
-
Fixed rate
250,000
-
250,000
-
-
-
250,000 -
-
Equity loans
15,332
-
15,332
-
3,596 7,539 2,168
1,763
266
-
Variable interest
15,332
-
15,332
-
3,596 7,539 2,168
1,763
266
-
SUBTOTAL
865,973
4,144 861,828
-
37,979 57,248 422,303 254,347 2,416 87,535
Credit lines
63,550 26,689
36,861
-
36,861
-
-
-
-
-
Variable interest
63,550 26,689
36,861
-
36,861
-
-
-
-
-
Arrangement expenses
-
-
(16,873)
-
(1,060)
(868)
(8,693) (5,995)
(39)
(218)
Borrowing costs
-
-
5,105
-
5,105
-
-
-
-
-
Borrowing situation at 31/12/2015
929,523 30,833 886,921
-
78,885 56,380 413,610 248,352 2,377 87,317
Borrowing situation at 31/12/2014
887,928 65,600 807,354 74,428 67,469 110,186 229,480 242,626 1,645 81,520
Details of the asset granted as mortgage security against the guaranteed line of credit of 6,000 thousand euros are as follows (thousands of euros):
Mortgaged asset
Net value
value
mortgaged asset
Total The Netherlands
NH Atlanta Rotterdam
13,795
Net value of assets assigned as mortgage collateral
13,795
Value of guaranteed debt
6,000
Fixed interest
-
Variable interest (amount used plus amount available)
6,000
