debt-structure

As at September 30, 2018 1 Drawn Total Facility Current all-in rate Maturity
US$ m US$ m LC2  m
2021 Euro Loan 243.5 243.5 EUR 210.3 3.25% 3 Nov 1, 2021
2023 Euro Loan 542.7 542.7 EUR 468.8 3.75% 3 April 26, 2023
2023 Revolving Credit Facility - - USD 75.0 L+3.50%4 April 26, 2023
Accrued guarantee fees 33.5  
Gross debt and related payables 819.7  
Lease Obligations 13.0  
Total debt and related payables 832.7  
Less: Unrestricted cash (56.0)  
Net debt 776.7  
Weighted average borrowing cost of gross debt ​5 3.54%  

Debt in currencies other than US$ are translated at FX rates as at September 30, 2018. 

LC: local currency.

Reflects rates payable under new pricing grids in a transaction effective April 26, 2018, which depend on CME's net leverage ratio as outlined in the tables below.

2021 Euro Term Loan

Consolidated Net Leverage Total Rate
≥ 7.0x 6.00%
< 7.0x - 6.0x 5.00%
< 6.0x - 5.0x 4.25%
< 5.0x - 4.0x 3.75%
< 4.0x 3.25%

2023 Euro Term Loan

Consolidated Net Leverage Total Rate
≥ 7.0x 6.50%
< 7.0x - 6.0x 5.50%
< 6.0x - 5.0x 4.75%
< 5.0x - 4.0x 4.25%
< 4.0x - 3.0x 3.75%
< 3.0x 3.50%

Effective April 26, 2018, total all-in rate ranges from LIBOR+6.25% (subject to a floor of 2%) to LIBOR+3.25% (subject to a floor of 2%), depending on CME's net leverage ratio.

Rates are effective from October 22, 2018.