Shop Direct completes £1.25bn financing transaction
November 20, 2013
Shop Direct Finance Company Limited is pleased to announce that it has completed a £1.25 billion financing transaction through the offer of class A and class B notes (“the notes”) of its new UK Consumer Loan Securitisation, Securitisation of Catalogue Assets Limited. The class A notes achieved an ‘A’ rating by the rating agencies Fitch and DBRS and the class B Notes received a ‘BBB’ rating from Fitch. The notes are listed on the Channel Islands Stock Exchange and have been pre-placed with a selected number of qualified investors.
Shop Direct James Evans / Lauren Young 0844 292 4799
Brunswick Simon Sporborg / Eilis Murphy 0207 404 5959
About Shop Direct Finance Company
Shop Direct Finance Company Limited is the financial services arm of Shop Direct.
Shop Direct is the UK’s leading multi-brand digital retailer, with annual sales of £1.7 billion. Our digital department store brands include Very.co.uk, Littlewoods.com and isme.com and receive 800,000 website visits every day.
We sell more than 800 brands, including big name labels and our own exclusive brands, and deliver 46 million products each year to five million active customers.