ECP Issuance

European Commercial Paper Program

Following the strategy of diversifying its sources of financing, Amadeus set up in December 2014 an European Commercial Paper Program amounting € 500M, this program has been increased in accordance with the relevant fact issued on 10 August of 2016 to €750M.

ECP shall be considered as an additional financing source as given its short term nature (maximum 364 days) can not replace completely other alternative financing sources (RCF/Committed back up credit lines).

It is an extremely competitive short terms financing instrument as compared with any other alternatives.