2018
£m
2017
£m
Borrowings due within one year
Bank overdraft1.311.3
Borrowings due after more than one year
Aggregate bank loan instalments repayable:
— between two and five years132.9152.1
Arrangement fees netted off(3.3)(0.4)
129.6151.7
Total borrowings130.9163.0

In July 2017 the Group replaced its existing facility of £205.0 million with a multi-currency revolving credit facility of £235.0 million, with an accordion of £125.0 million until 2022. During the year the termination date was extended to 2023 with the possibility of further extending to 2024. At 30 June 2018, £132.9 million was drawn down against this facility in the Company. Interest will be charged at a minimum of 1.30% over LIBOR and at a maximum of 2.20% over LIBOR, dependent upon the Leverage (the ration of Total Net Debt to Adjusted EBITDA) of the Group. At 30 June 2018, interest being charged on this facility is 1.50% above LIBOR.

In January 2018 the Group entered into a new Term Loan facility of £350.0 million until 31 December 2020. At 30 June 2018, £nil was drawn against this facility in the Company. Interest will be charged at a minimum of 1.10% over LIBOR and at a maximum of 2.00% over LIBOR, dependent upon the Leverage (the ration of Total Net Debt to Adjusted EBITDA) of the Group.

Arrangement fees of £3.9 million were incurred on the new facilities during the year, these are being released to the income statement over the life of the facility.

No interest has been capitalised during the year (2017: £nil).

The Company guarantees certain borrowings of other Group companies under the above facilities, which at 30 June 2018 amounted to £151.6 million (2017: £29.5 million).