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Description Bond Information Company Information Capital Structure Key Financials Documents

Business Description

RAC is a prominent UK motoring services company, specialising in breakdown assistance, insurance, and automotive support. They prioritise road safety and offer reliable services to drivers, earning their trust nationwide.

Bond Information

Coupon
5.25%
Current Yield
5.290%*
Yield to Maturity
5.612%*
Maturity Date
04 Nov 2027
Previous Payment
06 May 2025
Next Interest Payment
06 Nov 2025
Interest Period
6 months
ISIN
XS2401582999
Seniority
Second Lien Secured
Amount
£345,000,000
Ratings
S&P:  B+
Call Schedule
04 Nov 2023 at 102.625
04 Nov 2024 at 101.313
04 Nov 2025 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
RAC BOND CO PLC
Industry
Services
Country of Origin
UK
Year of Incorporation
1897
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
2nd lien secured 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 255          
Cash Interest 83          

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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