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Lowell (Garfunkelux)  (UK & Germany)

Garfunkelux Holdco 2 S.A.

2015

Private

Status: Performing

All payments are on time


11.0%

12.1%

*
Maturity Date

01 Nov 2023

Next Interest Payment

01 Nov 2019

Interest Period

6 months

Unsecured, guarantees from parent

Industry

Banks & Financials

£230,000,000

ISIN

XS1308316568

S&P:  B-, Moody's:  Caa2

01 Nov 2018 at 108.25
01 Nov 2019 at 105.5
01 Nov 2020 at 102.75
01 Nov 2021 at 100

* Current Yield and Yield to Maturity are an estimated return calculation and not guaranteed. All yields shown are gross of Taxation and our Service Fee.

Business Description

Lowell was formed in late 2015 following the acquisition of GFKL Group, Germany's largest receivables management business and Lowell Group, the UK's largest debt purchasing and collections business. In 2017 Lowell acquired the Intrum’s ‘carve-out’ business, formerly badged Lindorff, gaining businesses in Sweden, Estonia, Finland, Denmark, and Norway.

Lowell is Europe’s second largest credit management player with market leading positions in the UK, Germany, and the Nordic regions. The company's expertise is in debt purchasing, third party collection and business process outsourcing. The company has over 2,300 employees across eleven locations.

Capital at risk. No FSCS cover. See Risk Statement.

 

Please note as a WiseAlpha member you are not lending directly to the corporate borrower. Instead, you are investing in a Participation Note, or “Note” (fractions of corporate bonds). Each Note is backed by a specific bond.

WiseAlpha Technologies Limited (FRN: 751087) is authorised and regulated by the Financial Conduct Authority in the UK. It arranges and promotes the Notes issued by WiseAlpha Limited (BVI) and from time to time other WiseAlpha Product Issuers. Only WiseAlpha Technologies is regulated for the associated activities it conducts.
WiseAlpha Technologies Limited is a company registered in England, with its registered office at Level 39, One Canada Square, Canary Wharf, London E14 5AB (Company No. 08967521).
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