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Business Description

Debenhams is a leading international, multi-channel brand with a proud British heritage. Debenhams gives its customers around the world a unique, differentiated and exclusive mix of own brands, international brands and concessions.

Debenhams has been investing in design for over 20 years through its exclusive 'Designers at Debenhams' portfolio of brands.

Bond Information

Coupon
5.25%
15 Jul 2021
Previous Payment
15 Jul 2021
Interest Period
6 months
XS1081972850
Second Lien Secured
£200,000,000
S&P:  NR
Moody's:  WR
Status
Non-performing

* 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
Retail
Country of Origin
UK
Year of Incorporation
1778
Ownership Status
Public

Capital Structure

Type £m x EBITDA* % of capitalisation* EBITDA/Interest*
Cash na na na na
Inventory (At cost) na na na na
Debtors & Prepayments na na na na
Trade & Other Creditors na na na na
Secured Debt na na na na
Net Debt na na na na
Equity Value na na na na
Enterprise Value na na na na
EBITDA 119.70          
Cash Interest 12.50          

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.

It is estimated that there could be realisations of between £210m and £245m (net of operating costs) from stock on hand, realisations from the sale of store and Head Office fixtures and fittings and equipment and from augmented stock from trading through Autumn/Winter 2020 and into 2021.

Key Financials

Key Financials (£m) 2015A 2016A 2017A 2018A H1 2018 H1 2019
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Important News

12 Nov 2021

The Administrators’ Progress Report for the period 9 April 2021 to 8 October 2021.

20 Oct 2021

General Update 23 June 2021

14 Aug 2020

NOTICE OF INTENTION TO APPOINT ADMINISTRATORS AND NONPAYMENT OF BOND COUPON

26 Jul 2020

Response to press speculation on potential sale

20 Jul 2020

Debenhams defaulted on it's 15th July 2020 Interest Payment

09 Apr 2020

Debenhams appoints administrators

09 Apr 2020

Debenhams to enter liquidation for its Irish operations

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Please note as a WiseAlpha member you are not lending directly to the corporate borrower. Instead, you are purchasing Fractional Bonds, each one backed by a specific bond. See Risk Statement.