| 2019
£m | 2018
£m |
|---|
| Current liabilities: | | |
| Bank loans | 1.2 | 1.2 |
| 1.2 | 1.2 |
| Non-current liabilities: | | |
| Bank loans | 309.6 | 293.3 |
| Arrangement fees netted off | (2.7) | (3.4) |
| 306.9 | 289.9 |
| Total borrowings | 308.1 | 291.1 |
At 30 June 2019, £128.8 million was drawn against the £235.0 million Revolving Credit Facility maturing 25 July 2024. The facility is not secured on any specific assets of the Group but is supported by a joint and several cross guarantee structure. 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. All covenants were met during the year ended 30 June 2019.
At 30 June 2019, £179.3 million was drawn against the £350.0 million Term Loan Facility maturing 31 December 2020. The facility is not secured on any specific assets of the Group but is supported by a joint and several cross guarantee structure. 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. All covenants were met during the year ended 30 June 2019. 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).
Genera also has borrowing facilities of £5.8 million, of which £2.7 million was drawn down at 30 June 2019. Interest is fixed at 3.1%.
The maturity of the bank loans and overdrafts is as follows:
| 2019
£m | 2018
£m |
|---|
| Payable: | | |
| Within one year | 1.2 | 1.2 |
| Between one and two years | 180.5 | 1.3 |
| Between two and five years | 129.1 | 292.0 |
| 310.8 | 294.5 |
Further information on the interest profile of borrowings is shown in note 24.