Business
Announcement of securitisation
Announcement of securitisation.
About this update from Amigo Resources Plc
[{"type":"text","content":"\n \nRNS Number : 1501B Amigo Holdings PLC 05 June 2019 \n\n5 June 2019\nAmigo Holdings PLC\n(\"Amigo\" or the \"Company\")\n \nAnnouncement of Agreement to Upsize Securitisation Facility\n \nAmigo Holdings PLC is pleased to announce that it has entered into an agreement to increase the size of its securitisation facility (the \"Facility\"), which will bring total commitments under the Facility to £300 million. The increase of the Facility is due to complete on 6 June 2019. The Company intends to use drawdowns from the Facility for general corporate purposes and the potential repayment of indebtedness, including its outstanding bonds, from time to time. The Facility, which has a minimum three-year term and amortises thereafter, will have a funding rate c. 500 bps below the current cost of the Company's senior secured notes and will, in time, lower Amigo's overall average cost of capital. \n \n \nAdditional Information\nThis announcement is not intended to, and does not, constitute or form part of any offer, invitation or the solicitation of an offer to purchase, otherwise acquire, subscribe for, sell or otherwise dispose of, any securities, or the solicitation of any vote or approval in any jurisdiction, pursuant to this announcement or otherwise.\nThis announcement constitutes notice by Amigo Luxembourg S.A. (the \"Issuer\") to the holders of the Issuer's 7.625% Senior Secured Notes due 2024 (for the notes issued pursuant to Rule 144A of the United States Securities Act of 1933, ISIN: XS1533928468 and Common Code: 153392846; for the notes issued pursuant to Regulation S of the United States Securities Act of 1933, ISIN: XS1533928625 and Common Code: 153392862) (the \"Notes\") issued pursuant to pursuant to Section 4.03(a)(3) of an indenture dated January 20, 2017 among, inter alia, the Issuer, the guarantors named therein and U.S. Bank Trustees Limited, as trustee and security agent. Amigo Holdings PLC is the indirect parent company of the Issuer. This announcement shall constitute a \"Report\" to holders of the Notes.\n \nThis announcement contains inside information for the purposes of Article 7 of the Market Abuse Regulation (EU) 596/2014\n \nThe person responsible for making this announcement is: Roger Bennett, Head of Company Secretariat.\n \n-ENDS-\n \nContac...