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SEC Filings

6-K
INTERXION HOLDING N.V. filed this Form 6-K on 08/02/2018
Entire Document
 


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The values of the instruments are:

 

     Carrying      Fair value  
     value      Level 1      Level 2      Level 3  

30 June 2018

           

Senior Notes due 2025

     (983,368      (1,003,600      —          —    

Finance leases

     (50,806      —          (54,246      —    

Mortgages

     (48,199      —          (48,199      —    

Other investments

     4,731        —          —          4,731  

Interest rate swap

     (241      —          (241      —    

31 December 2017

           

Senior Secured Notes due 2020

     (628,141      (647,000      —          —    

2017 Senior Secured Revolving Facility

     (99,904      —          (99,904      —    

Finance leases

     (51,127      —          (54,282      —    

Mortgages

     (53,640      —          (53,640      —    

Other investments

     3,693        —          3,693        —    

Interest rate swap

     (255      —          (255      —    

Conversion option

     0        —          —          0  

The Level 3 financial asset represents the convertible loan of USD 5.5 million (excluding accrued interest) provided by Interxion Participation 1 BV. Interxion has the option to convert the loan into equity on the maturity date or upon occurrence of an enforcement event. Upon implementation of IFRS 9 – Financial Instruments, the convertible loan is considered a single instrument, to be carried at fair value through profit and loss. Accordingly, since 1 January 2018, it has been presented in Level 3. There have been no further transfers between levels of hierarchy.

Fair values were obtained from quoted market prices in active markets or, where no active market exists, by using valuation techniques. Valuation techniques include discounted cash flow models using inputs as market interest rates and cash flows.

10 Borrowings

Senior notes due 2025

On 18 June 2018, the Company issued an aggregate principal amount of €1,000 million 4.75% Senior Notes due 2025 (the “Senior Notes due 2025”). The proceeds of the Senior Notes due 2025 were used to satisfy and discharge the €625.0 million Senior Secured Notes due 2020 (the “Senior Secured Notes”) and indenture related thereto prior to 30 June 2018, to fully redeem the Senior Secured Notes and to repay the June 2013 super senior revolving facility (the “Super Senior Revolving Facility”), the March 2017 senior secured revolving facility (the “Senior Secured Revolving Facility”) and the March 2018 subordinated revolving facility (the “Subordinated Revolving Facility”). Furthermore, the proceeds were and will be used to pay all related fees and expenses, and for general corporate purposes.

The Senior Notes due 2025 are governed by an indenture dated 18 June 2018, between the Company, as issuer, the guarantors party thereto, The Bank of New York Mellon, London Branch, as trustee and paying agent, and The Bank of New York Mellon SA/NV, Luxembourg Branch, as transfer agent and registrar (the “Indenture”). The indenture

 

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Interim Report: Three-month and six-month period ended 30 June 2018

These Condensed Consolidated Interim Financial Statements are unaudited