Shearman And Sterling

News January 24, 2017

Shearman & Sterling Advises on Amigo Luxembourg S.A.’s Inaugural £275 Million High Yield Notes Offering

Shearman & Sterling advised J.P. Morgan, Jefferies and NatWest Markets in connection with Amigo Luxembourg S.A.’s inaugural offering of its £275 million 7.625% senior secured notes due 2024. The notes are guaranteed by Amigo Holdings Limited, Amigo Loans Ltd (“Amigo Loans”), Amigo Management Services Ltd and R G Catering Limited.

The offering, which was conducted pursuant to Rule 144A and Regulation S under the U.S. Securities Act of 1933, as amended, closed on January 20, 2017. The proceeds from the offering were used to repay the existing revolving credit facility by Amigo Loans, partially repay certain shareholder loan notes, repay certain intragroup obligations, as well as for general corporate purposes and to pay for estimated commissions, fees and other expenses in connection with the offering.

Established in 2005, Amigo Loans is a leading company in the UK guarantor loan market. The company offers personal loans guaranteed by a second individual, typically a family member or friend with a stronger credit profile than that of the borrower.

The Team