Notes to the company accounts
11 Contingent liabilities
The Company has arranged letter of credit facilities to support the Group’s pension plans. The current amount outstanding is £124.9m (2007: £132.8m).
The Company has guaranteed the US$250m 5.45% Senior Notes 2013 privately placed by a subsidiary and the £660m revolving credit facility used by a subsidiary.
Other contingent liabilities of the Company are not expected to give rise to a material loss.