Travelodge  L+5.375% 15 Jul 2025

Business Description

Founded in 1985, Travelodge is the second largest hotel brand in the United Kingdom based on number of hotels and number of rooms operated. They lease, franchise, manage and own over 550 hotels and more than 40,000 rooms throughout the United Kingdom, Spain and Ireland. Travelodge operates in the attractive mid-scale and economy sector of the hotel market and are positioned as a low-cost operator, offering standardised, modern guest rooms at affordable prices to both business and leisure customers.

Travelodge's brand currently has brand recognition of over 90% among the UK population (as measured by a YouGov brand tracking survey). They had 19 million customers in 2019 and employed approximately 11,000 people.

Bond Information

Coupon

L+5.375%

Coupon Type

Floating

Maturity Date

15 Jul 2025

Next Interest Payment

15 Jan 2020

Interest Period

3 months

ISIN

XS2021472084

Asset Security

First ranking charge over company assets

Amount

£440,000,000

Ratings

S&P:  B-, Moody's:  B3

Call Schedule

15 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

TVL Finance plc

Industry

Travel

Country of Origin

UK

Year of Incorporation

1985

Ownership Status

Private

Capital Structure

Senior Debt 36%

Equity 64%

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: Public Company Information

* 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

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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