Funding Update

RNS Number : 7882G

Amigo Holdings PLC

27 November 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 November 2020

Amigo Holdings PLC

("Amigo" or the "Company")

Funding Update

Further to the notification made on 26 November 2020, Amigo can confirm it has reached agreement for a further extension of the securitisation facility performance trigger waiver period to 25 June 2021. The size of the facility is £250 million. All cash generation arising from customer loans held within the facility is restricted and will continue to be used during the waiver period extension to further reduce the outstanding balance. As of the date of renewal, the facility was drawn at £132.4 million.

Contacts:

Company

Amigo Holdings PLC  [e-mail]  

Kate Patrick                       Head of Investor Relations 

Roger Bennett   Company Secretary

Media

Hawthorn Advisors          [e-mail]

Lorna Cobbett  Tel: [phone]

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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