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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

01 Aug 2022
Repaid On
06 Aug 2021
Previous Payment
01 Aug 2022
Interest Period
6 months
XS1577956516
Senior Secured
£370,000,000
S&P:  CCC
Moody's:  Caa3
01 Aug 2019 at 102.5
01 Aug 2020 at 101.25
01 Aug 2021 at 100
Status
Repaid

* 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

Type £m x EBITDA* % of capitalisation* EBITDA/Interest*
Cash and equivalents na na na na
Leases NPV na na na na
Net super senior debt na na na na
1st lien secured debt na na na na
Net secured debt na na na na
Uncategorized debt na na na na
Net debt na na na na
Equity value na na na na
Enterprise value na na na na
LTM EBITDA 166          
Cash Interest 42.67          

Source: Aggredium

* 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.

Key Financials

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Please note as a WiseAlpha member you are not lending directly to the corporate borrower. Instead, you are purchasing Fractional Bonds, each one backed by a specific bond. See Risk Statement.