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Business Description

Cognita is a worldwide group of 67 schools in Europe, Latin America and South-East Asia. They employ over 5,000 teaching and support staff in the care and education of more than 30,000 pupils.

Bond Information

Coupon
7.75%
15 Aug 2021
Repaid On
31 Oct 2018
Previous Payment
15 Aug 2021
Interest Period
6 months
XS1272329621
Select Seniority
£325,000,000
S&P:  B-
Moody's:  B3
15 Aug 2017 at 103.875
15 Aug 2018 at 101.938
15 Aug 2019 at 100
Status
Repaid

* 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
Cognita Bondco Parent Ltd
Industry
Education
Country of Origin
UK
Year of Incorporation
2004
Ownership Status
Private

Capital Structure

Senior Debt 53%

Equity 47%

Type £m x EBITDA* % of capitalisation* Maturity* Coupon* EBITDA/Interest*
Cash na na na na na na
Finance Leases na na na na na na
Drawn Revolver na na na na na na
Local Bank debt na na na na na na
Senior Secured Bonds na na na na na na
Net Senior Debt na na na na na na
Implied Equity Value na na na na na na
Net Capitalisation na na na na na na
EBITDA 76          
Cash Interest 39          

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 the 12.0x multiple KKR and Bregel Capital paid

Key Financials

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Please note as a WiseAlpha member you are not lending directly to the corporate borrower. Instead, you are purchasing Fractional Bonds, each one backed by a specific bond. See Risk Statement.