REG - ASOS PLC - ASOS announces successful refinancing

AsosAnnouncement

13/11/2025 07:00

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RNS Number : 3260H  ASOS PLC  13 November 2025

13 November 2025

ASOS Plc

Global Online Fashion Destination

"ASOS" or the "Company"

 

 

ASOS announces successful refinancing

 

ASOS is pleased to announce the successful refinancing of its Asset Backed
Loan facility into a secured term loan and Delayed Draw Term Loan ("DDTL")
with a new syndicate of private lenders. The refinancing brings materially
improved financial terms, including £87.5m additional liquidity headroom,
increased financial flexibility over an extended five-year term to 2030, and a
c.£5m like-for-like reduction in annual cash interest costs versus the
previous Bantry Bay facility (see Notes for more detail).

ASOS enters the final phase of its multi-year turnaround with a significantly
strengthened balance sheet and the right level of flexibility to focus on
re-engaging customers at scale. The improved financial terms reflect the
enhanced profitability and significant strategic progress of the Company
during the successful execution of the first two phases of its journey,
focused on building sustainably profitable and resilient foundations.

 

Aaron Izzard, ASOS CFO, said:

"I'm pleased to announce the further strengthening of our balance sheet and
financial flexibility through this strategic refinancing. As well as offering
improved financial terms, it better positions us to deliver on the final phase
of our turnaround strategy and growth plans with greater confidence and
resilience."

 

Notes:

The new financing facilities (the "Facilities") comprise a £150m term loan
and an £87.5m DDTL with a syndicate of private lenders and are committed for
a five-year term, maturing in November 2030.

The new Facilities provide a substantial increase in the Company's effective
liquidity headroom of £87.5m through a replacement £150m term loan and
access to a committed and readily available DDTL facility, effectively
replacing the existing £75m Revolving Credit Facility and £50m accordion
facilities, due 2027, which had £nil availability in the prior reporting
period.

 

For further information:

 ASOS
 plc
 Emily MacLeod, Head of Strategy & Investor Relations                                                                                                      Tel: 020 7756 1000
 Teneo
 Jonathan Sibun / Will Palfreyman                                                                                                                          Tel: 020 7353 4200

 

About ASOS

Founded in 2000, ASOS has 18m active customers in over 200 markets. We bring
fashion lovers around the world the best and most relevant fashion through our
unique own brands including ASOS DESIGN, ARRANGE, COLLUSION, Topshop and
Topman, styled with the most exciting products from local and global partner
brands. With our expert in-house design team and agile and flexible commercial
model, including ASOS Fulfilment Services, Partner Fulfils, and Test &
React, we make the latest trends accessible to all and give customers the
confidence to be whoever they want to be.

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