Slaughter and May advised ASOS plc on the refinancing of its debt facilities

Slaughter and May advised ASOS plc (“ASOS”), the global online fashion platform, on the successful refinancing of its debt facilities, as announced on 25 May 2023 (the “Refinancing”). 

In connection with the Refinancing, ASOS entered into a £200 million senior term and £75 million super senior revolving credit facility (the “New Facilities”) with specialist lender Bantry Bay Capital Limited maturing in April 2026, with the optionality to further extend. 

The New Facilities replaced the £350 million revolving credit facility which was due to expire in November 2024, following the amendment and extension announced alongside ASOS’ half-year results on 10 May 2023.

Slaughter and May worked closely with the ASOS legal team led by Emma Whyte (Group Company Secretary and General Counsel) and Karen Forbes (Head of Legal - Corporate, Supply Chain & Space).