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New Look (UK)

1969

Private

Status: Performing

All payments are on time

All covenants met

BACK TO MARKET


Amount

£700,000,000

Current Yield

8.7%

*
Estimated Yield to Maturity

13.7%

**
Maturity Date

01 Jul 2022

Interest Payment Frequency

6m

Next interest payment

15 Nov 2018

Asset Security

First ranking charge over company assets

Industry Type

Retail

Next Call

24 June 2018 103.25, 24 June 2019 101.625, 24 June 2020 100.0

ISIN

XS1248516616


Business Description

New Look started in 1969 as a single fashion store in the UK. From there it has grown to become a leading fast-fashion brand, with 569 stores in the UK and over 200 across Europe, China and Asia. Their transactional website newlook.com now ships to around 120 countries world-wide generating 14% of revenues. New Look has a significant presence in social media, over 3.0 million Facebook fans, 269,000 following us on Twitter and over 741,000 following us on Instagram. 3.5 million have subscribed to their email alerts in the UK alone.

* The coupon divided by the price. Where the coupon is partly dependent on Libor it uses market based Libor forecasts at each coupon date over the next 12 months.
** The estimated yield from holding a bond to maturity including interest and capital repayment and assuming interest is re-invested at the same yield. Please note this calculation may be adversely affected by features in bond such as calls or prepayments. Where the coupon is partly dependent on Libor it uses market based forecasts of Libor until the maturity date.
Please note that the current yield and yield to maturity are an estimated return calculation and not guaranteed. All yields shown are gross of taxation and our Service Fee.

Status: Performing


Notes:

The company currently has no outstanding notes.

Capital at risk. No FSCS cover. See Risk Statement.

 

Please note as a WiseAlpha member you are not lending directly to the corporate borrower. Instead, you are investing in a Participation Note, or “Note”, which corresponds and is backed by a specific loan or bond investment made through the WiseAlpha platform reflecting the key economic terms of the investment.

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