Atalian  6.625% 15 May 2025

Business Description

Atalian Global Services is a leading provider of business services. The Company's 100,000 employees work with companies and public authorities to devise solutions for Facility Management, Cleaning, Technical maintenance, Security, Airport Assistance, Front of house, Energy Management, Landscaping, Finishing works.

The company has over 28,000 clients generating over EUR2bn in revenue and has been operating for over 70 years.

Bond Information

Coupon

6.625%

Maturity Date

15 May 2025

Next Interest Payment

15 Dec 2019

Interest Period

6 months

ISIN

XS1820760079

Asset Security

Unsecured

Amount

£225,000,000

Ratings

S&P:  B

Call Schedule

15 May 2021 at 103.312
15 May 2022 at 101.656

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

Business Services, Shipping & Logistics

Country of Origin

France

Year of Incorporation

1944

Ownership Status

Private

Capital Structure

Senior Debt 7%

Junior Debt 71%

Equity 22%

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.

Capital structure EBITDA used is Reference EBITDA (exc. IFRS 16) which contains pro forma synergies with Servest for 2019 and 2020

Key Financials

Revenues

11,607

Growth %

38.1%

EDITDA

1,681

Margin %

14.5%

Cash balance

3,067

Source: Public Company 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.

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