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Status: Performing

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Coupon

11%

Current Yield

10.2%

*
Estimated Yield to Maturity

8.9%

**
Maturity Date

01 Nov 2023

Next Interest Payment

01 May 2019

Interest Payment Frequency

6 months

Asset Security

Unsecured, guarantees from parent

Industry

Banks & Financials

Amount

£230,000,000

ISIN

XS1308316568

Ratings

S&P:  B-, Moody's  B2

Next Call

01 Nov 2019 at 105.5
01 Nov 2020 at 102.75
01 Nov 2021 at 100


Business Description

Lowell 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. In 2017 Lowell acquired the Intrum’s ‘carve-out’ business, formerly badged Lindorff, gaining businesses in Sweden, Estonia, Finland, Denmark, and Norway.

Lowell is Europe’s second largest credit management player with market leading positions in the UK, Germany, and the Nordic regions. 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 at risk. No FSCS cover. See Risk Statement.

 

Please note as a WiseAlpha member you are not lending directly to the corporate borrower. Instead, you are investing in a Participation Note, or “Note”, which corresponds and is backed by a specific loan or bond investment made through the WiseAlpha platform reflecting the key economic terms of the investment.

WiseAlpha Technologies Limited (FRN: 751087) is authorised and regulated by the Financial Conduct Authority in the UK.
WiseAlpha Technologies Limited is a company registered in England, with its registered office at Level 39, One Canada Square, Canary Wharf, London E14 5AB (Company No. 08967521).
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