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Business Description

New Look is a leading multichannel retailer operating in the value segment of the clothing and footwear market in the UK and ROI. The company focuses in delivering value for money and ‘newness’, wherever, whenever and however it engages with customers. The New Look brand has high levels of awareness and recognition in the affordable womenswear market, catering to a broad customer audience. New Look also have a range for teen girls and an online menswear offer. New Look are the number 2 UK Womenswear retailer for women aged 18 to 44 by value.

Following the outbreak of COVID-19, and the persistence of longer term challenges surrounding declining high street footfalls & the rise of digital retail, the company restructured it's debt in November 2020. The restructuring saw New Look delever it's balance sheet, strengthen it's liquidity position, and obtain new investment. The existing Senior Secured Notes (SSNs) were swapped for equity, and the company obtained £42m of new investment in the form of 'New Money Notes'. Please see the Restructuring Presentation for more information.

Bond Information

01 Jul 2022

Exchanged On

16 May 2019

Previous Payment
01 Jul 2022
Interest Period
6 months
XS1248516616
Select Seniority
£700,000,000
24 Jun 2019 at 101.625
24 Jun 2020 at 100
Status
Exchanged

* Current Yield and Yield to Maturity are on estimated return calculations and not guaranteed. All yields shown are gross of Taxation and our Service Fee.

Company Information

Industry
Retail
Country of Origin
UK
Year of Incorporation
1969
Ownership Status
Private

Important News

09 Nov 2020

New Look Announces Completion of Recapitalisation Transaction

09 Sep 2020

Strategic Review Update

13 Aug 2020

Proposed Recapitalisation Transaction

15 Jul 2020

Company elects to pay its 15 July 2020 coupon entirely In-Kind at 14%

24 Mar 2020

NewLook COVID

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