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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

06 Nov 2022
Repaid On
06 Aug 2021
Previous Payment
06 Nov 2022
Interest Period
6 months
XS1645523579
Second Lien Secured
£275,000,000
14 Jul 2019 at 102.5
14 Jul 2020 at 101.25
14 Jul 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
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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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.