Amigo Holdings £275 million 7.625% high yield notes issue

Overview:

• Amigo Holdings has issued £275 million in senior secured high yield notes.
• The 7.625% notes, due 2024, were issued through private placement via Rule 144A/Reg S to qualified institutional investors.
• JPMorgan Chase acted as lead manager with Jefferies and RBS acting as joint bookrunners.
• Part of the funds raised will be used to refinance existing debt.
• Amigo Holdings is the holding company of Amigo Loans a provider of guarantor loans in the UK non-standard finance sector.
• The company has a £324 million loan book and over 110,000 customers.

Sam Duke - Editor