Clifford Chance acted for NewDay on its high yield bond exchange deal
Clifford Chance has advised NewDay, on its offer to exchange its outstanding Senior Secured Notes payable in 2024 for new
Clifford Chance acted for NewDay on its high yield bond exchange deal
Clifford Chance has advised NewDay, on its offer to exchange its outstanding Senior Secured Notes payable in 2024 for new Senior Secured Notes due 2026 and cash consideration. It also advised NewDay on the amendment and extension of its revolving credit facility.
NewDay is an established and leading consumer credit company serving approximately five million customers in the United Kingdom.
Earlier, in 2017, Clifford Chance had advised NewDay on multiple financing transactions including the company's offering of senior secured notes issued as part of the financing for Cinven and CVC's acquisition of the NewDay group.
Partner Michael Dakin, senior associate Drew Rundus and associates Regan Devers and Jake DuCharme, constituted Clifford Chance's London-based U.S. capital markets team that advised NewDay on the exchange offer. Clifford Chance's London finance team comprising of Partner Richard Day, associate Arpan Bhatt and trainee solicitor Connie Maskell, also advised NewDay's revolving credit facility's amendment and extension. Partner Steve Jacoby and associate Marie-Elise Gueble advised from Luxembourg.