William Hill  4.875% 07 Sep 2023

Business Description

William Hill is one of the world’s leading listed betting and gaming companies, employing approximately 16,000 people. Founded in 1934, it is the UK’s largest bookmaker by number of licensed betting offices, with approximately 2,370 LBOs that provide betting opportunities on a wide range of sporting and non-sporting events, gaming on machines and numbers-based products including lotteries.

The Group’s Online business (www.williamhill.com) is one of the world’s leading online betting and gaming businesses, providing customers with the opportunity to access William Hill’s products online, through their smartphone or tablet and by text services.

The Group is UK-focused with increasing international reach: 82% UK and 18% international. William Hill US was established in June 2012 and provides land-based and mobile sports betting services in Nevada, and is the exclusive risk manager for the State of Delaware’s sports lottery. William Hill Australia is one of the largest online betting businesses in Australia, established through the acquisition of two businesses in 2013.

William Hill is listed on the London Stock Exchange and is a member of the FTSE 250.

Bond Information

Coupon

4.875%

Maturity Date

07 Sep 2023

Next Interest Payment

07 Mar 2020

Interest Period

6 months

ISIN

XS1412547660

Asset Security

First ranking charge over company assets

Amount

£350,000,000

Ratings

S&P:  BB, Moody's:  Ba1

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

William Hill plc

Industry

Entertainment, Media & Broadcasting

Country of Origin

UK

Year of Incorporation

1934

Ownership Status

Public

Capital Structure

Junior Debt 14%

Equity 86%

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.

Based on market capitalisation of £ as of 11th of June 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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