Home / Knowledge / News / Apparel/Garments / New Look to raise £800mn & reduce debt
New Look to raise £800mn & reduce debt
29
Apr '13
New Look Group Retail Ltd announced that it has launched an offering of £800,000,000 (equivalent) aggregate principal amount of senior secured notes due 2018.

The proceeds from the offering, if completed, are expected to be used to

(i) repay all outstanding indebtedness under the Group’s existing senior facilities and existing mezzanine facility and to pay related accrued interest and break costs in connection with the cancellation of such facilities,

(ii) pay the cash consideration in connection with the Group’s concurrent exchange offer with respect to its existing payment-in-kind facility and

(iii) pay related fees and expenses in connection with the offering and related transactions.

About New Look

Founded in 1969, New Look is an established value fashion retail leader positioned in the growing value segment of the UK clothing and footwear market. As at December 22, 2012, the Group had 1,141 stores globally and in the 52 week period ended December 22, 2012, the Group generated revenues of £1,486 million and pro forma adjusted EBITDA of £198 million.

New Look

Must ReadView All

Courtesy: Christian Dior

Fashion | On 25th Apr 2017

LVMH to acquire Christian Dior Couture for €6.5bn

LVMH and Christian Dior, which holds directly and indirectly 41 per...

Information Technology | On 25th Apr 2017

Self-repairing fabrics to be the future of fashion

It is the era of smart. Intelligent materials like self-repairing...

Textiles | On 25th Apr 2017

Indonesia revitalising textile sector

With exports of textile and textile products rising in Indonesia, the ...

Interviews View All

Karin Ekberg
Leadership & Sustainability

Sustainable models are beneficial for brands, retailers and manufacturers

Rahul Bhadani
Looksgud

Navigating through catalogues is a bit hasslesome

Anavila Misra
Anavila Collection

Fashion shows are also encouraging and highlighting sustainable fashion

Marcel Alberts
Eurofibers

Coating at a fibre level is a practice not usually seen in the...

Iago Castro Asensio
RCfil Distribuciones S.L.

Iago Castro Asensio, International Business Manager of RCfil...

Silke Brand-Kirsch
Schlegel und Partner

Silke Brand-Kirsch, executive partner of Schlegel und Partner, a leading...

Sanjukta Dutta
Sanjukta's Studio

<b>Sanjukta Dutta</b> creates unique garments by clubbing prints of...

Bani Batra

Bani Batra’s couture wedding collection is inspired by traditional Indian...

Rupa Sood and Sharan Apparao
Nayaab

Nayaab, an exhibition meant to celebrate Indian weaves, is in its second...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH
April 2017

April 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search