ProSiebenSat.1 Group uses various debt financing instruments for the purpose of its Group financing. This Group financing is regularly adjusted with respect to volumes and maturities.

ProSiebenSat.1 Group is currently financed via two term loans and a revolving credit facility as part of a syndicated facilities agreement provided by banks as well as various promissory loans.

The syndicated facilities agreement comprises term loans totaling 1,200 million Euros and a revolving credit facility with a notional amount of 500 million Euros. A Term loan in an amount of 1,153 million Euros and the revolving credit facility are maturing in April 2027, a term loan of 47 million Euros in April 2026.

In December 2016, ProSiebenSat.1 Group issued promissory loans of 225 million Euros with a term of ten years and a fixed coupon.

In October 2021, the company issued another set of promissory loans in the total amount of 700 million Euros with tenors of four, six, eight and ten years and respective volumes of 226 million Euros, 346 million Euros, 80 million Euros and 48 million Euros. The issuance consists of four tranches with fixed coupons (four to ten years) and three tranches with variable interest rates (four to eight years). The fixed coupon tranches total 403 million Euros and the floating interest tranches total 297 million Euros.

Borrower of the syndicated credit facilities and the promissory loans is ProSiebenSat.1 Media SE.
The maturity profile of the stated financing instruments is shown in the chart below.

Please note: in July 2025 ProSiebenSat.1 Group has extended the maturity of the syndicated facilities agreement. This extension will take effect on September 5, 2025, provided that no change of control has occurred by that date.

As part of its strategy the ProSiebenSat.1 Group focuses on sustainable and profitable growth based on three pillars: Entertainment, Dating and Commerce & Ventures. Operating cash flows from current business activities and the use of external financing are part of the financing mix. An important indicator for the corresponding financial planning is the Group's leverage ratio (leverage factor). It indicates the level of net financial debt in relation to LTM adjusted EBITDA – EBITDA adjusted for reconciling items that the ProSiebenSat.1 Group has generated in the last twelve months (LTM = last twelve months). The target for the ratio of net financial debt to LTM adjusted EBITDA is a factor of between 1.5 to 2.5.

At the same time, the ProSiebenSat.1 Group pursues an attractive dividend policy for its shareholders and has also defined clear goals. The target is to distribute a dividend of 25-50 % of the adjusted net income (Group adjusted net income).

Another key element of its financial target framework and part of the ProSiebenSat.1 Group's growth strategy is to achieve a P7S1 ROCE¹) (return on capital employed) of more than 15 per cent in the medium term. P7S1 ROCE is the ratio of the Group's adjusted EBIT to the Group's capital employed.

¹) For definition see page 98 of the Annual Report 2020.