| 2019
£m | 2018
£m |
|---|
| Borrowings due within one year | | |
| Bank overdraft | – | 1.3 |
| Borrowings due after more than one year | | |
| Aggregate bank loan instalments repayable: | | |
| – between two and five years | 117.2 | 132.9 |
| Arrangement fees netted off | (2.7) | (3.3) |
| 114.5 | 129.6 |
| Total borrowings | 114.5 | 130.9 |
At 30 June 2019, £117.2 million was drawn against the £235.0 million Revolving Credit Facility maturing 25 July 2024 in the Company. Interest is charged on this facility at a minimum of 1.30% over LIBOR and a maximum of 2.20% over LIBOR, dependent upon the Leverage (the ratio of Total Net Debt to Adjusted EBITDA) of the Group. As at 30 June 2019, interest being charged on this facility is 1.70% above LIBOR.
At 30 June 2019, £nil was drawn against the £350.0 million Term Loan Facility maturing 31 December 2020 in the Company. Interest is charged on this facility at a minimum of 1.10% over LIBOR and a maximum of 2.00% over LIBOR, dependent upon the Leverage (the ratio of Total Net Debt to Adjusted EBITDA) of the Group. As at 30 June 2019, interest being charged on this facility is 1.50% above LIBOR. The availability period of the Term Loan Facility expires on 31 December 2020.
Arrangement fees of £0.2 million were incurred on the two facilities during the year, these being released to the income statement over the life of the facility.
No interest has been capitalised during the year (2018: £nil).
The Company guarantees certain borrowings of other Group companies under the above facilities, which at 30 June 2019 amounted to £193.6 million (2018: £151.6 million).