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Domestic & General  6.5% 31 Jul 2026

Business Description

Domestic & General is the leading specialist provider of warranties and warranty services for domestic appliances and consumer electronic products in its home UK market and a leading specialist provider in several of its international markets, with strong and growing international operations in Germany, Spain, Portugal, France, Italy and Australia.

Domestic & General was founded in 1912, initially trading as ‘The Western Australian Insurance Company’ which insured livestock during transportation. Over the 20th century, the company shifted its focus to insuring household appliances with continued growth supported by expansion into Europe.

From the early 1980s, it steadily built its position as a leading provider of insurance on domestic and electrical appliances and heating systems, gradually withdrawing from other areas of general insurance. By 1988 Domestic & General had listed on the LSE & by 1989 it had 1 million customers. Success begets success and the company expanded rapidly into Germany and Spain.

Fast forward to the 21st century and Domestic & General Group Limited is a private company, acquired by CVC Capital Partners on the 19th December 2013.

Bond Information

Coupon

6.5%

Maturity Date

31 Jul 2026

Next Interest Payment

28 Feb 2020

Interest Period

6 months

ISIN

XS2028892474

Asset Security

First ranking charge over company assets

Amount

£305,000,000

Ratings

S&P:  B, Moody's:  B2

Call Schedule

17 Jul 2022 at 103.25
17 Jul 2023 at 101.625
17 Jul 2024 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

Galaxy Bidco Ltd

Industry

Consumer & Food

Country of Origin

UK

Year of Incorporation

1912

Ownership Status

Private

Capital Structure

Senior Debt 66%

Junior Debt 18%

Equity 16%

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.

Unrestricted cash reserves

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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