Perform Group (UK)

2007

Private

Status: Performing

All payments are on time

All covenants met

BACK TO MARKET


Amount

£175,000,000

Current Yield

8.0%

*
Estimated Yield to Maturity

6.6%

**
Maturity Date

15 Nov 2020

Interest Payment Frequency

6m

Next interest payment

15 Nov 2017

Asset Security

First Ranking

Industry Type

Media and Digital

Next Call

15 November 2017 @104.25, 14 November 2018@102.125, 14 November 2019@100.0

ISIN

XS1318524367


Business Description

Perform Group is a global market leader in the commercialization of multimedia sports content across multiple Internet-enabled digital platforms. The company uses proprietary content collection, production and distribution capabilities, alongside industry leading digital products, to generate revenue through a mix of licensing content, media (display- and video-based advertising and sponsorship), and, to a lesser extent, subscription and technology and production service fees. Customers include online bookmakers, broadcasters and mobile operators. Businesses include • Goal.com—a digital football platform with 37 local editions in 18 languages, which, we believe, is the leading global football website (based on unique monthly viewers); • Mackolik—a Turkish digital sports business that owns Mackolik.com, a leading football portal in Turkey (based on unique monthly viewers), and Sahadan.com; • Soccerway.com—a football portal focused on live scores and statistics; • Voetbalzone—a leading football portal in the Netherlands (based on unique monthly viewers); and • MatchenDirect—a leading football portal in France (based on unique monthly viewers) that is focused on live scores and statistics. • Sporting News—an iconic sports media brand in the United States; • Sportal.com.au—a sports portal in Australia and New Zealand; and • Spox and Sportal.de—among the leading multi-sport portals in Germany (based on unique monthly viewers).


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 book value of Equity from the Q1 Quarterly Report.

Information


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* This is the estimated return an investor can expect to receive over the next 12 months expressed in percentage terms. It is the sum of the expected interest payments over the year and where the coupon is partly dependent on Libor uses market based Libor forecasts at each coupon date and also takes into account the Note's current price. It is gross of taxation and our Service Fee. The current yield is therefore an estimated return only and is not guaranteed and may be revised in the future.
** This is an estimated annualised return gross of taxation and our Service Fee assuming the investment is held to maturity. It equates the present value of expected future interest payments of a Note into an annual yield across its life relative to the Note's current price. Where the interest coupon is partly dependent on Libor it uses market based forecasts of Libor and assumes that all interest is re-invested at a rate equal to the Yield to Maturity. For floating rate coupons because current market based forecasts are for Libor to increase in future years the calculation of Yield to Maturity assumes the interest paid to investors will be higher in future years. However, there is no guarantee that the Bank of England will raise interest rates or that Libor will increase as a result. In addition, any changes to the financial circumstances of the company or changes in the economic terms of the underlying loan could also impact future interest payments. The Yield to Maturity is therefore an estimated return only and is not guaranteed.

Status: Performing


Notes:

The company currently has no outstanding notes.

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

 

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