McLaren  5.0% 01 Aug 2022

Business Description

McLaren Technology Group is globally renowned as one of the world’s most illustrious high-technology brands. Since its foundation in 1963, McLaren has been pioneering and innovating in the competitive world of Formula 1, forging a formidable reputation which has seen the racing team win 20 World Championships and over 180 races.

The Group has built on its successful racing expertise and diversified to include a global, high-performance sports car business, McLaren Automotive, and a game-changing technology and innovation business, McLaren Applied Technologies.

Bond Information

Coupon

5.0%

Maturity Date

01 Aug 2022

Next Interest Payment

01 Feb 2020

Interest Period

6 months

ISIN

XS1577956516

Asset Security

Senior Secured

Amount

£370,000,000

Ratings

S&P:  B, Moody's:  B2

Call Schedule

01 Aug 2019 at 102.5
01 Aug 2020 at 101.25
01 Aug 2021 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

NMG Finco plc

Industry

Automotive

Country of Origin

UK

Year of Incorporation

1963

Ownership Status

Private

Capital Structure

Senior Debt 16%

Equity 84%

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.

Based upon 10% stake sale for £203.8m to Michael Latifi in May 2018

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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