Jump Main Menu. Go directly to the main content (Acces key S)

View menu

Universo Mujer Baloncesto

Close menu

You are in:

  1. Shareholders & Investors
  2. Fixed income and rating

DIA CorporateFixed income and rating

Start of main content

The financing policy of DIA is outlined in the bullet points:

  • To ensure liquidity with minimum financial expense and optimizing the group’s balance sheet.
  • To distribute to the shareholders from 40% to 50% of the Underlying Net Profit in form of ordinary dividends.
  • Not to exceed, to a reasonable extent and to allow for the potential business opportunities that may arise, a leverage over the reported net debt over 2.0x adjusted EBITDA
  • To implement a strict capex allocation policy, prioritizing organic growth and maximizing returns.
  • To carry out a cautious M&A policy restricted to acquisitions with modest impact on ratios, and limited execution risks.
  • To keep headroom within the existing financial covenants.
  • To maintain a solid investment grade profile.

More than 90% of DIA’s corporate debt is denominated in Euros, while the remaining amount is signed in Brazilian Reais, Argentinean Pesos and Chinese Yuans.

Debt maturity and credit facilities profile

June 2018

Debt structure

June 2018

Liquidity status

June 2018

End of main content