Search Informa Home About Us Divisions Investors Sustainability Talent Media Contact Home Investors Debt Summary Debt Summary Informa aims to maintain a strong balance sheet and flexible funding mix, creating long-term visibility and liquidity in its financing. We have public bonds under a Euro Medium Term Note programme and also make use of bank facilities for short-term and revolving financing needs. We expect to continue to be in a net borrowing position for the foreseeable future. Liquidity risk is managed by maintaining adequate reserves and debt facilities, continuously monitoring forecast and actual cash flows against the maturity profiles of our financial assets and liabilities, and borrowing in currencies in which the Group operates, principally GBP, USD and EUR, to hedge projected future cash flows. Capital Structure Current Debt Facilities Maturity Profile Ratings Issuers and Guarantors Treasurer Contact Capital Structure Strong Visibility and Attractive Cash Flow Dynamics Informa has visible and predictable revenue streams, with a large proportion of annual income booked in advance through subscriptions or forward bookings for events. This generates attractive cash flow characteristics. Operating cash flow conversion 2020 2019 2018 2017 2016 86.2% 103.5% 91% 91% 95% Free cash flow (£m) 2020 2019 2018 2017 2016 (153.9) 722.1 503.2 400.9 305.7 Leverage ratio (times) 2020 2019 2018 2017 2016 5.6 2.5 2.9 2.5 2.6 Current Debt Facilities Informa issues fixed-term debt in a range of maturities, borrowing in US Dollars, Euros and Pounds Sterling. The Group currently has two public bonds issued under Euro Medium Term Note programmes and a number of US Private Placement notes. Informa also makes use of shorter-term revolving credit bank facilities, provided by an international syndicate of banks. Term Debt Issuer Format CUSIP/ISIN Currency Amount (m) Maturity Original Term Coupon Informa PLC EMTN XS1853426549 EUR 650 05-Jul-23 5 Year 1.50% Informa PLC EMTN XS1853426895 GBP 300 05-Jul-26 8 Year 3.125% Informa PLC EMTN XS1853426895 GBP 150 05-Jul-26 8 Year 3.125% Informa PLC EMTN XS2068065163 EUR 500 22-Apr-28 8.5 Year 1.25% Informa PLC EMTN XS2240507801 EUR 700 06-Oct-25 5 Year 2.125% Bank Facilities Borrower Format Currency Amount (m) Original Term Coupon Informa PLC Revolving Facility GBP 450 3 Year Floating Informa PLC Revolving Facility GBP 600 5 Year Floating Download the Euro Medium Term Note Listing Particulars Maturity Profile Stable and secure financing to 2023 We aim to maintain a balanced and flexible mix of funding sources on attractive terms, manage our maturity profile and the overall weighted average cost of debt. As at the end of 2020, the Group’s maturity profile was 4.8 years and overall weighted average cost of debt was around 3.8%. There are no financial covenants across the Group’s facilities. The size of our revolving credit facility and the number of syndicate of banks providing the facility was increased during 2020. Debt Maturities Debt Maturities as at 30 June 2021 (£m) RCF undrawn EMTN Bank 2022 2024 2026 2028 0 250 500 750 1000 End of interactive chart. Ratings Informa has been assigned credit ratings by S&P Global, Fitch and Moody's and is rated as investment grade by each agency. Issuing Companies S&P Moody's Fitch Informa PLC BBB- Baa3 BBB- Issuers and Guarantors Informa comprises a number of different operating, holding and financial companies, and a full list of subsidiaries, associates and joint ventures is available in the Notes section of the latest Informa Annual Report. For all classes of the Group's senior unsecured debt, the guarantor structure is as follows. Guarantors and Issuer Informa PLC (UK) Informa Group Holding Limited (UK) Contact Us Office Locator Email Alerts LinkedIn Twitter Facebook RSS Feed About Us Divisions Investors Sustainability Talent Media Contact Accessibility Statement Terms & Conditions Privacy Policy Cookie Policy Modern Slavery Statement Site Map Informa PLC registered in England & Wales with number 8860726, registered office and head office 5 Howick Place, London, SW1P 1WG, UK. Lloyd's is the registered trade mark of the Society incorporated by the Lloyd's Act 1871 by the name of Lloyd's. © 2021 Informa PLC We use cookies to help provide you with the best possible online experience. Please read our Privacy Policy and Terms & Conditions for information about which cookies we use and what information we collect on our site. By continuing to use this site, you agree that we may store and access cookies on your device.Cookie Policy Cookies Settings I AGREE