Center Parcs Performance and Financial Update
Cash Generation and Debt Update
Center Parcs
Cash balances remain robust with the Group holding £38.6m at 5
October 2023 following the payment of dividends totaling £53.0m
during the period. As at 9 November 2023 cash balances were
£57.5m.
The most recent covenant tests were passed in August 2023 with
significant headroom; we do not envisage any future breaches.
The average contractual interest rate on the Group's secured notes
is 4.9% and the weighted average maturity is October 2027. The
A4 and B4 notes have the shortest remaining term, with an
Expected Maturity Date of 28 August 2025.
➤ In April 2023 £440m of A2 notes were re-financed, redeemed and
replaced by £324m of new A6 notes (four-year maturity) and
£324m of new A7 notes (eight-year maturity).
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