ASOS : New debt financing and equity issue come at a high cost
>New £ 275m loan and £ 75m revolver - At the end of last week, Asos announced that it had entered into a £ 200m senior term loan and a £ 75m super senior revolving facility with specialist lender Bantry Bay Capital Limited through to April 2026, with the optionality to further extend. The new facilities are subject only to a minimum liquidity covenant and will replace the existing £ 350m revolving credit facility which was due to expire in November 2024. The company ...ASOS and its subsidiaries (together, the Group) is a global fashion retailer. The Group sells products across the world and has websites targeting the U.K., U.S., Australia, France, Germany, Spain, Italy and Russia. Co. creates and curates fashion, face + body products for every fashion-loving 20-something.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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