The AA  5.5% 31 Jul 2022

Business Description

The AA is the UK’s leading provider of roadside assistance, with approximately 3,000 patrols attending an average of around 10,000 breakdowns by cars, motorbikes, caravans and vans every day.

The AA also offers Motor, Home, Home Emergency Response, Travel and other specialist insurance policies. "We act as broker for the insurer, operating a diverse panel of third-party underwriters, including many of the UK’s major insurance underwriters."

Bond Information

Coupon

5.5%

Maturity Date

31 Jul 2022

Next Interest Payment

31 Jan 2020

Interest Period

6 months

ISIN

XS1211308231

Asset Security

Second Lien

Amount

£570,000,000

Ratings

S&P:  B+

Call Schedule

31 Jul 2018 at 102.75
31 Jul 2019 at 101.375
31 Jul 2020 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

Public

Capital Structure

Senior Debt 86%

Equity 14%

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

Source: 2017 Company investor presentation (April 2017)

* 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 on Bloomberg market cap as of 24.09.2019

Key Financials

Revenues

11,607

Growth %

38.1%

EDITDA

1,681

Margin %

14.5%

Cash balance

3,067

Source: Public Company information

Reports & Information

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.

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.

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