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Status: Repaid


Coupon Explainer

7.875%

Maturity Date

15 Jul 2020

Repaid On

09 Jul 2019

Interest Period

6 months

Asset Security

First ranking charge over company assets

Industry

Entertainment, Media & Broadcasting

Amount

£300,000,000

ISIN

XS0953085114

Ratings

Moody's:  B3

* Current Yield and Yield to Maturity are an estimated return calculation and not guaranteed. All yields shown are gross of Taxation and our Service Fee.

Business Description

Headquartered in West London, Vue Entertainment operates 116 state-of-the-art multiplex cinemas across the UK, Germany, Denmark, Ireland, Poland, Portugal and Taiwan. It has 1,920 screens with over 230,000 seats, over 5,100 employees and over 83 million attendances per annum.

The business was founded in 1998 as SBC International Cinemas by members of the current management team. It rebranded as Vue in 2003 following the acquisition of Warner Village Cinemas and has continued to grow organically and through acquisitions. Since 2006 it has opened 12 new sites and is focused on expanding into new markets both internationally and in the UK. In 2012, the Company completed two significant acquisitions. In May, Vue acquired Apollo Cinemas, a UK circuit with 14 sites and 2.7 million annual admissions. In August, Vue acquired CinemaxX with 34 cinemas and over 290 screens across Germany and Denmark adding 16.3 million annual admissions.

In May 2013, Vue agreed to acquire Multikino, a leading Polish multiplex operator with 28 cinemas with 231 screens across 22 cities in Poland and 2 cinemas with 15 screens in the Baltics.

In August 2013, Vue Entertainment was sold to OMERS Private Equity and Alberta Investment Management Corporation (AIMCo).

Capital at risk. No FSCS cover. See Risk Statement.

 

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