Iceland Foods Ltd

Primary/Waterfall Analysis: Iceland’s 2027 £475M SSNs IPT Offers Material Premium to Roll Into New Notes, Supported by Deleveraging Trajectory, Ample Liquidity; Risks of Normalization of Favorable Demand Dynamics

Tue 07/25/2023 11:27 AM
Share this article:
Relevant Items:
Preliminary OM
Covenant Analysis
Historical Financials on Fundamentals by Reorg
Updated Forward Model - Q4’23 (Excel Download)
October 2022 Waterfall Model Note
December 2021 Waterfall Model Note
 
Iceland Bondco plc - £475M Equiv. Senior Secured Notes due 2027 (GBP Fixed and EUR Floating Tranche)
Sector Consumer Staples Distribution & Retail
Sub-Sector Food Retail
Sponsor/Ownership WD FF (Sir Malcom Walker, 51.3%; Tarsem Dhaliwal, 48.7%)
Issuer Rating...
Share this article:

To Read the Full Story

Request a Trial

Or sign in here

This article is an example of the content you may receive if you subscribe to a product of Reorg Research, Inc. or one of its affiliates (collectively, “Reorg”). The information contained herein should not be construed as legal, investment, accounting or other professional services advice on any subject. Reorg, its affiliates, officers, directors, partners and employees expressly disclaim all liability in respect to actions taken or not taken based on any or all the contents of this publication. Copyright © 2024 Reorg Research, Inc. All rights reserved.
Previous Story Next Story
Thank you for signing up
for Reorg on the Record!