v3.24.4
Loans and Borrowings (Tables)
 12 Months Ended
Sep. 30, 2024
Disclosure of detailed information about borrowings [abstract]  
Schedule of Principal and Interest Payable Amounts Outstanding

The Company has the following principal and interest payable amounts outstanding for loans and borrowings from banks:

 

(in thousand of Euros)

 

Year of maturity

 

September 30, 2024

 

 

September 30, 2023

 

Non-current liabilities

 

 

 

 

 

 

 

 

Original EUR Term Loan

 

2028

 

 

—

 

 

 

375,000

 

New EUR Term Loan

 

2029

 

 

375,000

 

 

 

—

 

Original USD Term Loan

 

2028

 

 

—

 

 

 

730,159

 

New USD Term Loan

 

2029

 

 

152,883

 

 

 

—

 

Vendor Loan

 

2029

 

 

208,305

 

 

 

299,560

 

Senior Notes

 

2029

 

 

428,500

 

 

 

428,500

 

 

 

 

 

1,164,688

 

 

 

1,833,219

 

Senior Note embedded derivative

 

 

 

 

28,638

 

 

 

28,638

 

Less: amortization under the effective interest method

 

 

 

 

(23,361

)

 

 

(46,162

)

 

 

 

 

1,169,965

 

 

 

1,815,695

 

 

 

 

 

 

 

 

 

 

Current liabilities

 

 

 

 

 

 

 

 

Original EUR Term Loan - interest payable

 

N/A

 

 

—

 

 

 

4,197

 

New EUR Term Loan - interest payable

 

N/A

 

 

3,591

 

 

 

—

 

Original USD Term Loan - current portion

 

2028

 

 

-

 

 

 

7,347

 

New USD Term Loan - current portion

 

2029

 

 

7,890

 

 

 

—

 

Original USD Term Loan - interest payable

 

N/A

 

 

—

 

 

 

10,938

 

Vendor Loan - interest payable

 

N/A

 

 

3,816

 

 

 

5,488

 

Senior Notes - interest payable

 

N/A

 

 

9,373

 

 

 

9,373

 

 

 

 

 

 

24,670

 

 

 

37,343

 
Reconciliation of Financial Liabilities

A reconciliation of financial liabilities is as follows:

 

 

 

Original EUR Term Loan

 

New EUR Term Loan

 

Original USD Term Loan

 

New USD Term Loan

 

Vendor
Loan

 

Senior
Notes

 

Amortized transaction costs of loans and borrowings *

 

Total
loans and borrowings

 

Amortized transaction costs of RCF **

 

Interest cap

October 1, 2022

 

379,750

 

—

 

879,579

 

—

 

292,275

 

437,873

 

(23,237)

 

1,966,240

 

(2,533)

 

—

Changes from financing cash flows

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Proceeds from loans and borrowings

 

—

 

—

 

—

 

—

 

—

 

—

 

—

 

—

 

—

 

—

Repayment of loans and borrowings

 

—

 

—

 

(52,782)

 

—

 

—

 

—

 

—

 

(52,782)

 

—

 

—

Interest paid

 

(21,295)

 

—

 

(68,195)

 

—

 

—

 

(22,496)

 

—

 

(111,986)

 

—

 

—

Total changes from financing cash flows

 

(21,295)

 

—

 

(120,977)

 

—

 

—

 

(22,496)

 

—

 

(164,768)

 

—

 

—

The effect of changes in foreign exchange rates

 

—

 

—

 

(71,711)

 

—

 

—

 

—

 

1,851

 

(69,860)

 

—

 

—

Changes in fair value

 

—

 

—

 

—

 

—

 

—

 

—

 

—

 

—

 

—

 

(2,913)

Change in bank overdraft

 

—

 

—

 

—

 

—

 

—

 

—

 

—

 

—

 

—

 

—

Interest expense

 

20,742

 

—

 

61,553

 

—

 

12,773

 

22,496

 

—

 

117,564

 

—

 

—

Amortization of capitalized transaction cost

 

—

 

—

 

—

 

—

 

—

 

—

 

3,862

 

3,862

 

707

 

—

September 30, 2023

 

379,197

 

—

 

748,444

 

—

 

305,048

 

437,873

 

(17,524)

 

1,853,038

 

(1,826)

 

(2,913)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

October 1, 2023

 

379,197

 

—

 

748,444

 

—

 

305,048

 

437,873

 

(17,524)

 

1,853,038

 

(1,826)

 

(2,913)

Changes from financing cash flows

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Proceeds from loans and borrowings

 

—

 

375,000

 

—

 

259,524

 

—

 

—

 

—

 

634,524

 

—

 

—

Repayment of loans and borrowings

 

(375,000)

 

—

 

(730,836)

 

(90,196)

 

(100,000)

 

—

 

—

 

(1,296,032)

 

—

 

—

Interest (paid)/received ***

 

(26,140)

 

—

 

(37,391)

 

(2,689)

 

(2,049)

 

(22,496)

 

—

 

(90,765)

 

—

 

1,359

Payment of capitalized transaction cost

 

—

 

—

 

—

 

—

 

—

 

—

 

(3,955)

 

(3,955)

 

(1,508)

 

—

Total changes from financing cash flows

 

(401,140)

 

375,000

 

(768,227)

 

166,639

 

(102,049)

 

(22,496)

 

(3,955)

 

(756,228)

 

(1,508)

 

1,359

The effect of changes in foreign exchange rates

 

—

 

—

 

(6,573)

 

(8,573)

 

—

 

—

 

478

 

(14,668)

 

—

 

—

Changes in fair value

 

—

 

—

 

—

 

—

 

—

 

—

 

—

 

—

 

—

 

2,767

Change in bank overdraft

 

—

 

—

 

—

 

—

 

—

 

—

 

—

 

—

 

—

 

—

Interest expense

 

21,943

 

3,591

 

26,356

 

2,707

 

9,122

 

22,496

 

—

 

86,215

 

—

 

(1,359)

Amortization of capitalized transaction cost

 

—

 

—

 

—

 

—

 

—

 

—

 

26,528

 

26,528

 

1,881

 

—

Capitalized transaction cost not yet paid

 

—

 

—

 

—

 

—

 

—

 

—

 

(250)

 

(250)

 

—

 

—

September 30, 2024

 

—

 

378,591

 

—

 

160,773

 

212,121

 

437,873

 

5,277

 

1,194,635

 

(1,453)

 

(146)

 

* Amortized transaction of loans and borrowings has a positive balance as the value of the embedded derivative bifurcated at inception from the Senior Note exceeds the amount of capitalized transaction costs.

**Transaction fees related to the RCF are capitalized as part of "Other assets."

*** The remainder of interest paid during the year ended September 30, 2024 relates to other financing costs.