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Business Description

Travelex is the world's leading foreign exchange specialist. The Group’s business is active across the entire value chain of the retail foreign exchange industry and its retail operations are all across the world. Over 30 million retail customers use Travelex every year. Its activities include the operation of retail foreign exchange stores, ATMs and online and mobile platforms for its retail customers; the preparation, processing and delivery of foreign currency orders for the Group’s partner customers; and the sourcing and distribution of large quantities of foreign currency banknotes for customers including from central banks and international financial institutions.

Bond Information

15 May 2022
Previous Payment
15 May 2022
Interest Period
6 months
XS1577963306
Senior Secured
€360,000,000
S&P:  D
Moody's:  Ca
15 May 2020 at 104
15 May 2021 at 102
15 Nov 2022 at 100
Status
Non-performing

* 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
Travelex Financing plc
Industry
Banks & Financials
Country of Origin
UK
Year of Incorporation
1976
Ownership Status
Private

Key Financials

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Important News

06 Aug 2020

Completion of debt restructuring

07 Jul 2020

Proposed Restructuring

15 Jun 2020

Travelex announced a forbearance in relation to the non-payment of the interest coupon due on 15 May 2020 that will last until expiry of the agreement on 2 July 2020.

13 May 2020

Travelex updated stakeholders that it no longer intends to pay the upcoming coupon payment due on 15 May 2020 in respect of the Senior Secured Notes.

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