Status: Performing

All payments are on time

All covenants met




Current Yield


Estimated Yield to Maturity


Maturity Date

01 Nov 2023

Interest Payment Frequency


Next interest payment

01 May 2018

Asset Security

Unsecured, guarantees from parent

Industry Type


Next Call

01 August 2018 at 108.25
01 Aug 2019 at 105.5
01 Aug 2020 at 102.75
01 Aug 2021 at 100.0



Business Description

Garfunkelux was formed in late 2015 following the acquisition of GFKL Group, Germany's largest receivables management business and Lowell Group, the UK's largest debt purchasing and collections business. The merging of the two companies has enabled the company to become one of the leading European players with market leading positions in the UK and Germany. The company's expertise is in debt purchasing, third party collection and business process outsourcing. The company has over 2,300 employees across eleven locations.

Capital Structure

Source: Public Company information
* An asterisk next to an item indicates there is additional information available if you hover over it. You can also find a definition of the terms used on this page in our Glossary here
Based on the last purchase multiple of 7.9x EBITDA of Lowell which was acquired in August 2015. Proforma LTM Cash EBITDA* of £255m consisting of: i) Lowell GFKL £245m ii) IS Inkasso £1m (being a 8 months period) iii) Tesch £9m (being a 12 months period

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* The coupon divided by the price. Where the coupon is partly dependent on Libor it uses market based Libor forecasts at each coupon date over the next 12 months.
** The estimated yield from holding a bond to maturity including interest and capital repayment and assuming interest is re-invested at the same yield. Please note this calculation may be adversely affected by features in bond such as calls or prepayments. Where the coupon is partly dependent on Libor it uses market based forecasts of Libor until the maturity date.
Please note that the 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.

Status: Performing


The company currently has no outstanding notes.

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


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