Debt & Rating

Debt profile

As of June 30^th 2024 Worldline Group net debt totaled € 1,696 Million.

On the scope of the continued operations, this amount was made up of:

Cash and cash equivalents net of overdraft amounting to € 1,925 million.
Gross debt recognized in the Group consolidated balance sheet net of overdraft up to € 3,621 million. Outstanding amount of current borrowings totaled € 981 million as of June 30^th 2024. Non-current borrowings totaled € 2,640 million.

Average maturity: 1.95 years
(average maturity is the weighted average of bonds’ and commercial papers residual maturities)

Average cost of debt: 1.19%
(average cost of debt is the weighted average of coupon rates of bonds and commercial papers)

Note: Bonds figures based on their face value.

Rating

The Group has an investment grade credit rating from Standard & Poor’s Global Ratings (BBB- with negative outlook), a testament to the strength of the Group’s business model and its financial situation.

Date	Long-term (S&P)	Outlook	Short-term (S&P)	Related documents
24/09/2024	BBB-	Negative	A-3	Credit opinion ›
08/11/2023	BBB-	Stable	A-3	Credit opinion ›
17/11/2022	BBB	Stable	A-2	Credit opinion ›
19/11/2021	BBB	Stable	A-2	Credit opinion ›
31/07/2020	BBB	Stable	A-2	Credit opinion ›
04/09/2019	BBB	Stable	A-2	Credit opinion ›

Commercial Papers

Worldline has entered into a Negotiable European Commercial Papers program (NEU CP) on April 12^th 2019 for a maximum initial amount of € 600 million. The size of the NEU CP program has been raised to € 1,000 million in November 2020.

On June 30^th 2024, the outstanding amount of the program was € 80 million.

Revolving Credit facilitiy

In addition, Worldline has an undrawn revolving credit facility (RCF) available for a total amount of € 1,125 million maturing in July 2029.

Read the Press Release

Bonds

Worldline Group has issued debt securities including bonds (straight bonds or bonds issued under an EMTN program), as well as convertible bonds and other borrowings (private placement – Schuldschein).

In June 2020, Worldline entered into a Euro-Medium-Term Note (EMTN) Program for a maximum amount of € 4,000 million

Document	Date
First Prospectus Supplement	07/11/2024
EMTN Base Prospectus	21/06/ 2024
First Prospectus Supplement	29/08/2023
EMTN Base Prospectus	30/05/2023
EMTN Base Prospectus	22/06/2020

Two bond issuances (€ 500 million expired on 30/06/2023 and € 500 million expiring on 30/06/2027) were completed under the EMTN program on June 22, 2020. A bond issue was carried out on September 5, 2023 as part of the EMTN program (issue of 600 million euros maturing on September 12, 2028).

Instrument	ISIN	Date of issuance	Amount	Rate	Tenor	Maturity	Related documents
Obligation	FR001400KLT5	12/09/2023	600 m€	4.125%	5y	12/09/2028	Final terms Press release
Obligation	FR0013521564	30/06/2020	500 m€	0.875%	7y	30/06/2027	Final terms Press release

On September 19, 2019, Worldline issued a € 500 million bond maturing in September 2024. Worldline also took over a € 600 million bond issued by Ingenico maturing in September 2024.

Since May 22^nd, 2023 and after having finalized the tender offer on 2024 bonds, their amounts are € 359.7 million and € 354.7 million respectively.

On September 13th, 2024 and on September 18th, 2024, Worldline reimbursed the principal due of these 2 bonds.

Instrument	ISIN	Date of issuance	Amount	Rate	Tenor	Maturity	Related document
Obligation	FR0013281946	13/09/2017	600 m€	1.625%	7y	13/09/2024	Prospectus Amended terms and conditions
Obligation	FR0013448032	18/09/2019	500 m€	0.25%	5y	18/09/2024	Prospectus Press release

Worldline issued interest-free bonds convertible into new shares and/or exchangeable for existing shares.

The first € 600 million issuance maturing in July 2026 took place on July, 30 2019; it was retaped by a € 200 million issuance in December 2020.

A second € 600 million issuance occurred on July, 30 2020. It will mature in July 2025.

Instrument	ISIN	Date of issuance	Amount	Rate	Tenor	Maturity	Related documents
Oceane	FR0013439304	30/07/2019	600 m€	0.00%	7y	30/07/2026	Terms and conditions Press release
Oceane	FR0013526803	30/07/2020	600 m€	0.00%	5y	30/07/2025	Terms and conditions Press release
Oceane	FR0013439304	04/12/2020	200 m€	0.00%	6y	30/07/2026	Terms and conditions Press release

Other relevant documents

Date	Document
November 18, 2024	Credit investor calls - Contemplated launch bonds
May 17, 2023	Results of the tender offer on 2024 bonds
May 10, 2023	Tender offer on bonds due September 2024
June 30, 2021	Wordline’s bylaws
May 31, 2021	General Meeting of the holders of the bonds issued by Worldline on September 18th, 2019
May 31, 2021	Results of the Bondholders’ General Meeting of 31 May 2021
May 31, 2021	General Meeting of the holders of convertible and/or exchangeable bonds for existing shares (OCEANEs) issued by Worldline on July 30th, 2019 and on December 4th, 2020
May 31, 2021	Results of the General Meeting of the holders of convertible bonds of 31 May 2021
May 21, 2021	Notice of meeting of holders of OCEANEs - Second convocation - Balo
May 21, 2021	General Meeting of the holders of convertible and/or exchangeable bonds for existing shares (OCEANEs) issued by Worldline on July 30th, 2019 and on December 4th, 2020
May 21, 2021	Approval of the issuer substitution and amendments of the terms and conditions by the holders of the September 13, 2024 bonds (FR0013281946)
May 21, 2021	Notice of meeting of holders of Bondholders - Second convocation – Balo
May 21, 2021	General Meeting of the holders of the bonds issued by Worldline on September 18th, 2019
May 21, 2021	General Meeting of the holders of the bonds issued by Ingenico on September 13th, 2017 – Substitution of Ingenico by Worldline as issuer
May 03, 2021	Notice of meeting for Bondholders
May 03, 2021	Notice of meeting of holders of convertible and/or exchangeable bonds for existing shares
June 22, 2020	Base Prospectus Worldline €4,000,000,000 EMTN Program