Heathrow
Business Description
Heathrow is a major international airport in London, connecting the world with millions of passengers and flights annually. It plays a pivotal role in global travel and economic growth.
Bond Information
* 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
Capital Structure
* 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.
† Cash used for net debt is adjusted for term deposits, repurchase agreements & is pro forma Nov 2019's £300m bond issuance.
‡ Investors should note that the 4.125% bonds due 2029 are structurally subordinated to the claims of operating subsidiary creditors (E.g. Class A & B Debt).
§ Based on multiple paid by the USS pension fund in 2013.
† Pre COVID (FY19) EBITDA
Key Financials
Important News
The Consent Solicitation Memorandum has been sent or otherwise made available to you in an electronic form.
Heathrow announces the consent solication was agreed by Noteholders.
Company announces consent solicitation requesting amendments and waivers to the prospectus and proposing to offer Noteholders a coupon step-up contingent upon the occurrence of certain trigger events. Additionally the company offers to pay a consent fee of 0.125 per cent.
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