Soho House & Co Bond Update
LONDON–(BUSINESS WIRE)– Soho House & Co Limited (“Soho House”) confirms that it is in advanced discussions to refinance its existing debt which will extend the maturity profile, reduce its average cash cost of debt and provide it with additional liquidity for growth. Soho House Bond Limited expects to shortly serve notice to the holders of its £152.5 million 9.125% Senior Secured Notes 2018 of its intention to fully redeem those notes. Soho House is also planning to retire its £40 million of PIK notes as part of this transaction, well before the maturity date of October 2019.
Disclosure of inside information by Soho House Bond Limited under Article 17(1) of Regulation (EU) 596/2014.
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