Composition of debt at 09/30/2020
In the first nine months of 2020, the Group's total debt increased by €/000 80,753. Net of the change in financial liabilities for rights of use and the fair value measurement of financial derivatives to hedge foreign exchange risk and interest rate risk and the adjustment of relative hedged items, as of 30 September 2020 total financial debt of the Group had increased by €/000 85,478.
Net financial debt of the Group amounted to €/000 444,842 as of 30 September 2020 compared to €/000 429,744 as of 31 December 2019.
The Group credit facilities and loans are unsecured. Certain medium term facilities include financial covenants in line with market practice for borrowers with similar credit standing. The financial covenants calculated based on the most recent relevant financial statements have fully satisfied the thresholds required.