FINANCIAL AND ACCOUNTING INFORMATION The contractual repayment schedule of financial with Wel ls Fargo Bank International for a period liabilities is as follows: of three years ending on June 26, 2020. As of December 31, 2017, this facility was undrawn. AS OF DECEMBER 31, (in millions of euros) 2017 2016 Lastly, fol lowing amendments in 2016 and 2017 (see note 22.1.3), securitization programs mature DUE WITHIN in 2019 and 2020. The financing under these One year 166.9 615.9 programs directly depends on the amounts and Two years 638.2 8.5 qual ity of transferred receivables. In the event that the relevant companies do not comply with Three years 379.4 722.3 certain obligations, these securitization programs Four years 1.7 318.9 may have to be repaid early, which could have an Five years 0.8 0.8 adverse effect on the Group’s liquidity and financial Thereafter 1,450.2 1,168.7 situation. In addition, if the special purpose entities to which the receivables have been transferred Total gross financial debt were unable to issue short term debt (commercial before transaction costs 2,637.1 2,835.1 paper) under conditions that are equal to those Transaction costs (24.7) (30.0) avai lable up to now, the Group’s l iquidity and Gross financial debt 2,612.3 2,805.1 financial position could be affected. As of December 31, 2017, the remaining contractual In addition, the trade accounts payable amounted cash flows in relation to financial indebtedness and to €2,034.8 mi l l ion as of December 31, 2017 derivatives, including interest owed, are as follows: (€2,179.0 million as of December 31, 2016) and are due in less than one year. FINANCIAL 5 (in millions DEBT & The Group’s liquidity decreased from €1,467.9 million of euros) INTERESTS DERIVATIVES TOTAL as of December 2016 to €1,304.7 million, as a result DUE WITHIN of the amendment of the Senior Facility Agreement executed on January 31, 2018.The Group’s One year 230.4 (6.9) 223.5 liquidity is in excess of €1,137.8 mil lion compared Two years 699.3 (7.1) 692.2 to €166.9 mil lion expected to be paid within the Three years 428.9 (2.9) 426.0 next twelve months with respect to financial debt repayment schedule. Four years 44.4 0.9 45.3 Five years 42.1 2.1 44.2 AS OF DECEMBER 31, Thereafter 1,493.4 3.3 1,496.6 (in millions of euros) 2017 (1) 2016 Total 2,938.5 (10.6) 2,927.9 Cash and cash equivalents 563.6 619.3 Bank overdrafts (100.6) (84.5) The €650 million notes issued in May 2016 mature (41.7) (131.7) in June 2023, the €300 mi l l ion notes issued in Commercial paper March 2017 mature in June 2024 and the €500 million Undrawn Senior Facility notes issued in November 2017 mature in June 2025. Agreement 850.0 982.0 Bilateral facilities 33.4 82.9 The Senior Facility Agreement maturity date was extended until January 2023 under the amendment Liquidity 1,304.7 1,467.9 executed on January 31, 2018. The Senior Facility (1)Taking into consideration the amendment of the Senior Agreement provides a five-year multicurrency Facility Agreement executed on January 31, 2018 (see revolving credit facility for an aggregate maximum note 22.1.1). avai lable amount of €850 mi l l ion which can also be drawn down through swingl ine loans 23.4 Counterparty risk for an aggregate amount of €137.8 mil lion. As of The financial instruments that could expose the December 31, 2017, this facility was undrawn. Group to counterparty risk are mainly trade accounts On June 26, 2017, Rexel extended the maturity of its receivable, cash and cash equivalents and derivative US$40 million Revolving Credit Facility Agreement instruments. REXEL 2017 – REGISTRATION DOCUMENT 263