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Business Description

The AA is a prominent UK motoring organisation, offering roadside assistance, insurance, and driving services. They prioritise road safety and provide benefits to members, making them a trusted partner for motorists.

Bond Information

31 Jan 2026
Previous Payment
31 Jan 2025
Next Interest Payment
31 Jul 2025
Interest Period
6 months
XS2291336167
Second Lien Secured
£280,000,000
31 Jan 2023 at 103.25
31 Jan 2024 at 101.625
31 Jan 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
AA Bond Co. Ltd
Industry
Services
Country of Origin
UK
Year of Incorporation
1905
Ownership Status
Private

Capital Structure

Type £m x EBITDA* % of capitalisation* EBITDA/Interest*
Cash and equivalents na na na na
Class A Notes na na na na
Senior Term Facility na na na na
Net Super Senior Debt na na na na
Class B Notes na na na na
Lease obligations na na na na
Net Senior Secured Debt na na na na
Other na na na na
Total Net Debt na na na na
Implied Equity na na na na
Enterprise Value na na na na
LTM EBITDA 450          
Cash Interest 138          

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

Key Financials (£m) 2025A 2024A 2023A 2022A 2021A 2020A 2019A 2018A
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Important News

02 Jan 2024

Statement regarding sale of an interest in Basing Topco Limited and the Class B3 Notes

20 Jan 2021

Update on financing arrangements.

23 Nov 2020

Private equity groups close in on AA takeover bid

24 Sep 2020

Update on Offer Discussions

04 Aug 2020

Possible offer and update on refinancing process

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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.