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Business Description

Pizza Express is a British pizza restaurant chain that was founded in 1965 by Peter Boizot.

Bond Information

Coupon
9.875%
15 Sep 2029
Previous Payment
15 Jul 2025
Next Interest Payment
15 Jan 2026
Interest Period
6 months
XS2364423652
Senior Secured
£285,000,000
S&P:  CCC+
Fitch:  C
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
WHEEL BIDCO LTD
Industry
Consumer & Food
Country of Origin
UK
Year of Incorporation
1965
Ownership Status
Private

Important News

03 Apr 2025

Refinancing Update & Equity Contribution (Presentation) [https://web-assets.wisealpha.com/media/company/files/250528144333/refinancing-announcement-presentation_3.pdf]

14 Jul 2021

Conditional notice of redemption and cancellation.

30 Oct 2020

Restructuring update announcements

23 Oct 2020

Results of the (restructuring) plan meetings held on 21 October 2020

14 Aug 2020

Restructuring Presentation. As part of this agreement the coupon due Aug 1st was not paid - see "Key terms of the Lock-up Agreement" (Slide 14).

04 Aug 2020

Lock-up Announcement.

01 May 2020

Pizza Express has entered into a new super senior facility agreement

01 May 2020

Pizza Express announced that is soliciting consent to approve amendments and waivers to the indenture relating to the Senior Notes due 2022

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Capital at risk.

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.