Securitisation

 

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At the end of July 2005 Marston's PLC (formerly The Wolverhampton & Dudley Breweries PLC) announced the marketing of a £805m securitisation of approximately 70% of its managed and tenanted estate. On 5 August 2005, the Company announced that the terms of the securitisation had been finalised and terms agreed. The proceeds were raised on 9 August and were used to redeem £245m of debentures and also to replace existing bank facilities.

On 19 November 2007, Marston's announced a further issue of £330m of bonds into the market place. Following completion on 22 November 2007 the funds raised were used to repay bank debt.

The pubs within the securitisation are owned by Marston's Pubs Limited (formerly W & DB Pubs Limited), a 100% owned subsidiary of Marston's PLC (formerly The Wolverhampton & Dudley Breweries PLC), which has a financial year end of 30 September in line with the Group. The financial performance of the securitised pubs is published half yearly at the same time as the Group's results are announced in May and November each year. These results are available below and via Bloomberg under the ticker name "MARSLN".

2009

  1. Marston's Pubs Parent Limited Annual Report 4mb
  2. Reconciliation of Q4 Investor Report and Year End Accounts 2009 70kb
  3. Covering Note Q4 2009 83kb
  4. Investor Report Q3 2009 119kb
  5. Investor Report Q4 2009 120kb
  6. Interim accounts of Marston's Pubs Parent Limited 2009 107kb
  7. Reconciliation of interim investor report and interim accounts 2009 68kb
  8. Investor Report Interim 2009 119kb
  9. Covering note Interim 2009 83kb
  10. Investor report - Q1 2009 101kb

2008

  1. Marston's Pubs Parent Limited Annual Report 2008 4.6mb
  2. Reconciliation Of Final Investor Report And Final Accounts 2008 75kb
  3. Cover Note 2008 75kb
  4. Q4 investor report 35kb
  5. Q3 Investor Report 2008 35kb
  6. Interim Investor Report 2008 797kb
  7. Interim Cover Note 2008 - 270kb
  8. Interim Accounts Of Marston's Pubs Parent Limited 2008 724kb
  9. Q1 Investor Report 2008 864kb

2007

  1. Marston's Pubs Parent Limited Annual Report Accounts 2007- 4.9mb
  2. Reconciliation Of Final Investor Report And Final Accounts 2007 137kb
  3. Cover Note 2007 - 323kb
  4. Final Investor Report 2007 - 810kb
  5. Qtr 3 2007 Investor Report - 816kb
  6. Important Securitisation News Bondholder Presentation.pdf 20kb
  7. Annual Bondholder Presentation 4.8mb
  8. Interim Investor Report 2007 699kb
  9. Interim Accounts Of Marston's Pubs Parent Limited 2007 672kb
  10. Q1 Investor Report 2007 817kb

2006

  1. W&DB Pubs Parent Limited Annual Report 2006 - 3.5Mb
  2. Reconciliation Of Final Investor Report And Final Accounts 2006 120kb
  3. Press Release 01/12/2006 - 322kb
  4. Final Investor Report - 834kb
  5. Q3 Investor Report2006 - 808kb
  6. press release 26/05/2006 - 269kb
  7. Interim Investor Report 2006 703kb
  8. Interim Accounts Of W&Amp;Db Pubs Parent Limited 630kb
  9. Q1 Investor Report 2006 683kb