23 Oct 2018 11:04
23 October 2018
Debenhams plc
(the "Issuer")
New Guarantor of 5.25% Senior Notes due 2021
Pursuant to a supplemental trust deed dated as of 22 October 2018 (the "Supplemental Trust Deed"), by and among the Issuer, the subsidiary guarantors named therein, Debenhams Retail (Ireland) Limited, a company incorporated in the Republic of Ireland (the "New Guarantor") and Citicorp Trustee Company Limited (the "Trustee"), to the trust deed dated as of 2 July 2014 (the "Original Trust Deed," as supplemented from time to time, and, together with the Supplemental Trust Deed, the "Trust Deed"), by and among the Issuer, the subsidiary guarantors named therein and the Trustee, the Issuer has added the New Guarantor as an additional guarantor of the Issuer's 5.25% Senior Notes due 2021 (the "Notes"), with effect from 22 October 2018.
Pursuant to the Trust Deed, the New Guarantor guarantees the Notes on a joint and several, irrevocable, fully unconditional, senior unsecured basis together with the other guarantors included in the listing particulars in respect of the Notes (the "Listing Particulars").
The following is the relevant information for the New Guarantor:
Registered name: | Debenhams Retail (Ireland) Limited |
Place of incorporation: | Republic of Ireland |
Date of incorporation: | 12 October 1995 |
Registered number: | 239481 |
Registered address: | Ireland Region Office 54-62 Henry Street Dublin 1 Ireland |
Business activity: | The principal activities of the New Guarantor is the sale of fashion clothing and accessories, beauty and gifting products and products for use in the home. |
Ownership: | The New Guarantor is an indirect wholly-owned subsidiary of the Issuer. |
Financial information: | As of the Issuer's audited financial statements for the year ended 2 September 2017, (1) the Issuer, (2) the Issuer's guarantor subsidiaries (including the New Guarantor) and (3) the Issuer's non-guarantor subsidiaries represented (1.5)% (£(3.2) million), 89.2% (£193.5 million) and 12.3% (£26.7 million), respectively, of EBITDA and (66.5)% (£(609.8) million), 160.9% (£1,476.8 million) and 5.5% (£50.6 million), respectively, of net assets. |
This announcement has been issued through the Companies Announcement Service of Euronext Dublin.