Debt & Rating

As of December 31, 2023 Worldline Group net debt totaled € 1,811 Million. 

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

• Cash and cash equivalents amounting to € 1,727 million.
• Gross debt recognized in the Group consolidated balance sheet up to €  3,537 million. Outstanding amount of current borrowings totaled € 782 million as of December 31, 2023. Non-current borrowings totaled € 2,756 million.
  

Average maturity: 2.48 years
(average maturity is the weighted average of bonds’ and commercial papers residual maturities)

Average cost of debt: 1.15%
(average cost of debt is the weighted average of coupon rates of bonds and commercial papers)

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

Worldline has entered into a Negotiable European Commercial Papers program (NEU CP) on April 12, 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 December 31, 2023, the outstanding amount of the program was € 25 million.

Worldline has two undrawn revolving credit facilities (RCF) available that total € 1,050 million: one of € 600 million maturing in December 2024 (extended to December 2025 up to € 554 million), and one of € 450 million maturing in December 2025. 

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).