REG - ASOS PLC - Update on ASOS’ refinancing and use of proceeds

AsosAnnouncement

11/09/2024 07:00

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RNS Number : 6617D  ASOS PLC  11 September 2024

11 September 2024

 

ASOS plc

("ASOS" or the "Company")

 

Update on ASOS' refinancing and use of proceeds

 

 

 

Following the successful placement of Convertible Bonds due 2028 and
concurrent repurchase of outstanding Convertible Bonds due 2026, ASOS confirms
that:

·      £253m was exchanged into the Convertible Bonds due 2028, from
the Convertible Bonds due 2026,

·      £173.4m of the Convertible Bonds due 2026 was accepted for
repurchase, and

·      £73.6m remains in the Convertible Bonds due 2026.

 

There is therefore outstanding £73.6m of Convertible Bonds due 2026 and
£253m of Convertible Bonds due 2028.

 

As a result of the net proceeds from the sale of a majority stake in the
Topshop and Topman IP to a Joint Venture and the discounted repurchase of the
Convertible Bonds due 2026, ASOS' net debt position has been reduced by
approximately £150m.

 

 

For further information:

 ASOS                                                                                                                                                      Tel: 020 7756 1000
 plc
 Emily MacLeod, Head of Strategy & Investor Relations

 Teneo                                                                                                                                                     Tel: 020 7353 4200
 Jonathan Sibun / Will Palfreyman

 

About ASOS

ASOS is a destination for fashion-loving 20-somethings around the world, with
a purpose to give its customers the confidence to be whoever they want to be.
Through its app and mobile/desktop web experience, available in nine languages
and in over 200 markets, ASOS customers can shop a curated edit of nearly
50,000 products, sourced from nearly 900 global and local third-party brands
alongside a mix of fashion-led own brand labels - including ASOS Design, ASOS
Edition, ASOS 4505, Collusion, Reclaimed Vintage, Topshop, Topman, and Miss
Selfridge. ASOS aims to give all its customers a truly frictionless
experience, with a number of different payment methods and hundreds of local
deliveries and return options, dispatched from state-of-the-art fulfilment
centres in the UK, US, and Germany.

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