GKN  4.625% 12 May 2032

Business Description

GKN has been operating for over 200 years, producing everything from Minis to Spitfires, and cannonballs used during the Battle of Waterloo.

Today the company’s aerospace business serves more than 90% of the world’s aircraft and engine manufacturers. While it’s automotive business is the world’s largest supplier of drive system technology (e.g. 4 wheel drive), which you can find installed in cars across the world.

GKN is a subsidiary of Melrose Industries, who bought the company for £8.1bn in 2018. Melrose Industries is listed on the London Stock Exchange and is a constituent of the FTSE 100 Index.

Bond Information

Coupon

4.625%

Maturity Date

12 May 2032

Next Interest Payment

12 May 2020

Interest Period

12 months

ISIN

XS1611857795

Asset Security

Senior Unsecured

Amount

£300,000,000

Ratings

S&P:  BBB, Moody's:  Ba1, Fitch:  BB+

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

GKN HOLDINGS LTD

Industry

Automotive

Country of Origin

UK

Year of Incorporation

1902

Ownership Status

Public Limited Company

Capital Structure

Senior Debt 11%

Equity 89%

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

* 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 market price as at 26.11.2019 London Stock Exchange

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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