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Published on 6/26/2017 in the Prospect News High Yield Daily.

England’s Wagamama announces £225 million of five-year secured notes

Portland, Ore., June 26 – Wagamama Ltd., announced in a Monday press release that it has launched a £225 million offering of five-year senior secured notes.

In a separate stabilization notice, stabilization manager Morgan Stanley & Co. International plc announced that the stabilization period for the notes was expected to begin Monday.

The London-based restaurant chain specializing in Asian cuisine plans to use the proceeds to redeem all of Wagamama Finance plc’s £150 million of outstanding senior secured notes and to repay deferred interest on loan notes.

The issuing entity will be Wagamama Finance plc which, like Wagamama Ltd., is a wholly owned subsidiary of Mable Mezzco Ltd.


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