Arqiva  6.75% 30 Sep 2023

Business Description

Arqiva is a leading UK communications infrastructure company. It is a provider of telecom towers, with around 8,000 active licensed sites, and the only national provider of terrestrial television and radio broadcasting.

Their technology enables them to work with everyone from mobile network operators, such as BT-EE, Vodafone, O2 and Three to independent radio groups and major broadcasters, such as the BBC, ITV, Sky, Turner and CANAL+ to utility companies such as Thames Water. They provide digital and satellite services and distribution for international clients in Europe, the U.S., the Far East and Australia, including Turner and Canal+ and the Al Jazeera Network.

Arqiva is investing to ensure that the UK has the communications infrastructure it needs to thrive in an increasingly connected world. From carrying the BBC’s first television broadcast in 1936 to launching the UK’s national DAB radio and digital terrestrial television networks in the 2000s, they strive to continuously find ingenious and smarter ways to support their customers.

Bond Information

Coupon

6.75%

Maturity Date

30 Sep 2023

Next Interest Payment

30 Mar 2020

Interest Period

6 months

ISIN

XS1879638697

Asset Security

First ranking charge over company assets

Amount

£625,000,000

Ratings

Moody's:  B2, Fitch:  B-

Call Schedule

30 Sep 2020 at 103.375
30 Sep 2021 at 101.688
30 Sep 2022 at 100

Status

Payments on time

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

Company Information

Industry

Entertainment, Media & Broadcasting

Country of Origin

UK

Year of Incorporation

2005

Ownership Status

Private

Capital Structure

Senior Debt 53%

Equity 47%

Cash

-1.2%

Senior Notes (combined)

6.2%

Content Liabilities

12.0%

Net Debt

17.0%

Equity

83.0%

Enterprise Value

100.0%

EDITDA

£883,000,000

Cash interest

£226,400,000

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.

Based on mooted valuation in press (31 January 2017, The Telegraph)

Key Financials

Revenues

11,607

Growth %

38.1%

EDITDA

1,681

Margin %

14.5%

Cash balance

3,067

Source: Public Company Information

Reports & Information

Throughout our site you will find links to external websites. Although we make every effort to ensure these links are accurate, up to date and relevant, we cannot take responsibility for pages maintained by external providers.

Throughout our site you will find links to external websites. Although we make every effort to ensure these links are accurate, up to date and relevant, we cannot take responsibility for pages maintained by external providers.

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