fac-029 · Revolving credit

Fairhaven Retail Group

Facility

Revolving credit

Currency: EUR
Commitment: €79.7m
Drawn: €56.6m
Undrawn: €23.1m
EAD: €65.9m
CCF: 40%
Margin: 315 bps
Maturity: 7 December 2027
Tenor: 20 months

Covenant monitoring

0 breached, 1 within 10% of the threshold

DSCR

Direction: Minimum Threshold: 1.16 Current: 1.22 Next test: 30 Jun 2026 Quarterly

ICR

Direction: Minimum Threshold: 3.44 Current: 4.05 Next test: 30 Jun 2026 Quarterly

Collateral

Net of supervisory haircuts

Collateral

Currency

Valuation

Valuation (EUR)

Haircut

Net value

Last valued

Basis

Receivables

EUR

€95.5m

24%

€73m

8 Dec 2024

Internal model

Inventory

EUR

€73.8m

44%

€41.4m

23 Mar 2025

Independent appraisal

Total

€114.4m

Tenor

20 months

Quarter

Commitment

Drawn

Undrawn

Δ Drawn

Utilisation

2026-Q1

€79.7m

€56.6m

€23.1m

n/a

71%

2026-Q2

€79.7m

€56.6m

€23.1m

€0

71%

2026-Q3

€79.7m

€56.6m

€23.1m

€0

71%

2026-Q4

€79.7m

€56.6m

€23.1m

€0

71%

2027-Q1

€79.7m

€56.6m

€23.1m

€0

71%

2027-Q2

€79.7m

€56.6m

€23.1m

€0

71%

2027-Q3

€79.7m

€56.6m

€23.1m

€0

71%

2027-Q4

€0

-€56.6m