Friday 18 November 2016 by FIIG Research Company factsheets

RSEA Finance Pty Ltd 7.75% 27 October 2021 senior secured bond factsheet

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RSEA Finance Pty Ltd 7.75% 27 October 2021 senior secured bond

RSEA Pty Ltd (‘RSEA’) is the operating entity and a wholly owned subsidiary of the issuer (RSEA Finance Pty Limited). RSEA is a leading specialist omni channel retailer and distributor of workwear, personal and work safety products, and hirer of work safety equipment. Founded in 1993, RSEA has expanded its operations across Australia with a national footprint covering six of the major states and territories. This footprint allows RSEA to secure and service major clients with national operations. 

Champ Ventures (CV) acquired RSEA in January 2012, funded by $36m of equity and a senior secured facility provided by Westpac, alongside CEO Brandon Chizik and existing management. CV currently holds a 72.4% shareholding in RSEA and existing management hold the remaining 27.6% equity.