Funding update

RNS Number : 0893U

Amigo Holdings PLC

27 July 2020

 

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OF SUCH JURISDICTION

FOR IMMEDIATE RELEASE

27 July 2020

Amigo Holdings PLC

("Amigo" or the "Company")

Funding update

Amigo, a leading provider of guarantor loans in the UK, is today providing an update on the securitisation facility performance trigger waiver announced on 27 May 2020. Amigo has agreed with its bank an extension of the waiver period end date from 24 July 2020 to 14 August 2020 to permit time for both parties to finalise further amendments. During this period, the performance triggers relating to the securitisation facility will continue to be suspended. The securitisation will move into gradual amortisation from 14 August 2020 if further amendments are not agreed prior to that date.

Amigo has adequate liquidity to continue to fund operations and support its customers, with over £135m cash held as at 30 June 2020.

Contacts:

Company

Amigo Holdings PLC  [e-mail]  

Kate Patrick   Head of Investor Relations 

Roger Bennett   Company Secretary

Investor Relations

Hawthorn Advisors  [e-mail]

Lorna Cobbett  Tel: [phone]

Additional Information

Senior Secured Notes

This announcement constitutes notice by Amigo Luxembourg S.A. (the "Issuer") to the holders of the Issuer's 7.625% Senior Secured Notes due 2024 (for the notes issued pursuant to Rule 144A of the United States Securities Act of 1933, ISIN: XS1533928468 and Common Code: 153392846; for the notes issued pursuant to Regulation S of the United States Securities Act of 1933, ISIN: XS1533928625 and Common Code: 153392862) (the "Notes") issued pursuant to pursuant to Section 4.03(a)(3) of an indenture dated January 20, 2017 among, inter alia, the Issuer, the guarantors named therein and U.S. Bank Trustees Limited, as trustee and security agent.  Amigo Holdings PLC is the indirect parent company of the Issuer. This announcement shall constitute a "Report" to holders of the Notes.

ENDS

 

END

 

 

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