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.
5.0%
5.1%*
6.1%*
01 Aug 2022
Next Interest Payment
01 Feb 2020
Interest Period
6 months
XS1577956516
Senior Secured
£370,000,000
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 Legal Name
Industry
Automotive
Country of Origin
UK
Year of Incorporation
1963
Ownership Status
Private
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
Type | £m | x EBITDA* | % of capitalisation* | Maturity* | Coupon* | EBITDA/Interest* |
---|---|---|---|---|---|---|
Cash | na | na | na | na | na | na |
Super Senior RCF (£130m) | na | na | na | na | na | na |
Senior Secured Notes £370m 5.0% | na | na | na | na | na | na |
Senior Secured Notes $350m 5.75% | na | na | na | na | na | na |
Net Senior Debt | na | na | na | na | na | na |
Equity Value † | na | na | na | na | na | na |
Net Capitalisation | na | na | na | na | na | na |
EBITDA | 212 | |||||
Cash Interest | 33.60 |
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
Revenues
11,607
Growth %
38.1%
EDITDA
1,681
Margin %
14.5%
Cash balance
3,067
Key Financials (£m) | 2016A | 2017A | 2018A | 6m 2018 | 6m 2019 |
---|---|---|---|---|---|
n/a | n/a | n/a | n/a | n/a | n/a |
n/a | n/a | n/a | n/a | n/a | n/a |
n/a | n/a | n/a | n/a | n/a | n/a |
n/a | n/a | n/a | n/a | n/a | n/a |
n/a | n/a | n/a | n/a | n/a | n/a |
n/a | n/a | n/a | n/a | n/a | n/a |
Source: Public Company information
£97.25
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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.
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.
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