Amigo Resources Regulatory News (AMGO)

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OF SUCH JURISDICTION

FOR IMMEDIATE RELEASE

24 September 2021

Amigo Holdings PLC ("Amigo" or the "Company")

Securitisation Update

Further to the notification made on 25 June 2021, Amigo confirms that the extension of the securitisation facility performance trigger waiver period expired on 24 September 2021. The securitisation facility has been fully repaid from organic cash flows. In light of the group's immediate funding needs and current unrestricted cash balance, the Company does not expect the need to operate the securitisation facility in the near term. The Board intends to keep the securitisation structure in place to provide the Company with more diversity for future funding options. With effect from 24 September 2021, all rights, obligations and liabilities of the Lead Arranger, Facility Agent and Senior Noteholder, as defined in the securitisation Facility Documents, will be taken over and assumed by Amigo.

As has been reported previously, the Board and management team of Amigo continue to work with all our stakeholders to reach agreement on both a revised Scheme and its future lending proposition. These negotiations remain ongoing. Should the discussions not end in an acceptable Scheme then the Board reiterates its view that Amigo will be insolvent.

 Additional Information

This 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.

This 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.

The person responsible for this announcement is Roger Bennett, Company Secretary.

-ENDS

Contacts:

Amigo Holdings PLC investors@amigo.me

Kate Patrick Head of Investor Relations

Roger Bennett Company Secretary

Media enquiries Amigoloans@lansons.com 

Tony Langham 07979 692287 

Tom Baldock 07860 101715

Ed Hooper 07783 387713