A man is serving himself at the carvery deck. On his plate, there are some crispy roasts waiting.
A man is serving himself at the carvery deck. On his plate, there are some crispy roasts waiting.

Amortisation profile

Here’s an overview of the Mitchells & Butlers bonds and their legal amortisation profiles.

TrancheInitial Value1st Repayment DateLegal Maturity Date
Tranche
A1N*
Initial Value
£200m
1st Repayment Date
2011
Legal Maturity Date
2030
Tranche
A2
Initial Value
£550m
1st Repayment Date
2003
Legal Maturity Date
2030
Tranche
A3N*
Initial Value
$418.75m (equivalent to £250m)
1st Repayment Date
2011
Legal Maturity Date
2030
Tranche
A4*
Initial Value
£170m
1st Repayment Date
2016
Legal Maturity Date
2030
Tranche
AB*
Initial Value
£325m
1st Repayment Date
2020
Legal Maturity Date
2033
Tranche
B1
Initial Value
£350m
1st Repayment Date
2003
Legal Maturity Date
2025
Tranche
B2
Initial Value
£350m
1st Repayment Date
2015
Legal Maturity Date
2030
Tranche
C1
Initial Value
£200m
1st Repayment Date
2029
Legal Maturity Date
2032
Tranche
C2*
Initial Value
£50m
1st Repayment Date
2033
Legal Maturity Date
2034
Tranche
D1
Initial Value
£110m
1st Repayment Date
2034
Legal Maturity Date
2036

The legal amortisation profile is in accordance with the terms of the securitisation documents.

Securitisation Amortisation Profile 2023 PDF
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Classes of debt in MAB securitisation

Things are continuously changing, and we’re keeping a close eye on our business securitisation and debt – and keeping you informed along the way. 

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Key terms of our securitisation

From debt service and dividends all the way to net worth, find out everything you need to know about the key terms used within our securitisation at Mitchells & Butlers.  

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Announcements and presentations

Anything you need relating to the various announcements and presentations of Mitchells & Butlers – including the Interim Investor Report and Financial Compliance Certificate – can be found here.

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Reports & Results

Access an up-to-date evaluation of our financial performance at Mitchells & Butlers, including market and analyst information, share prices and business strategy.

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Tim Jones

Chief Financial Officer

A photo of the Director of Investor Relations and Sustainability at Mitchells & Butlers, Amy DeMarsac, wearing a beige jacket and gold necklace.

Amy De Marsac

Head of Investor Relations & Sustainability

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Denise Burton

Deputy Company Secretary