Burger King France  E+5.25% 01 May 2023

Business Description

Burger King France is currently the No 2 hamburger quick service restaurant in France and operates in a market that is estimated to be worth €6.4 billion and growing at 4-6% per annum. France is the No 2 European burger market in terms of per capita consumption.

Bond Information

Coupon

E+5.25%

Coupon Type

Floating

Maturity Date

01 May 2023

Next Interest Payment

03 Feb 2020

Interest Period

3 months

ISIN

XS1600481821

Asset Security

Senior Secured

Amount

€310,000,000

Ratings

S&P:  B-, Moody's:  B3

Call Schedule

01 May 2018 at 101
01 May 2019 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

Company Legal Name

Burger King France S.A.S

Industry

Consumer & Food

Country of Origin

France

Year of Incorporation

2013

Ownership Status

Private

Capital Structure

Senior Debt 57%

Junior Debt 20%

Equity 23%

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.

WiseAlpha estimated equity value

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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