Media
The Very Group announces increase and extension of securitisation facility
January 10, 2025
The Very Group Limited (the “Group”) today announces the successful extension of all note classes within its UK securitisation facility from 1 January 2027 to 1 January 2028, securing funding for the Group for the next three financial years. These updates have been made whilst also improving note margins.
Additionally, the senior element of the facility (‘AS’ and ‘AJ’ notes) has been increased by £135.0m
to £1.51bn, meaning the total securitisation facility now stands at £1.77bn and has been operating
for over two decades.
Rating agencies Fitch and DBRS have confirmed ratings of “AAA” and “A” for the A notes and “BBB”
for the B notes within the facility.
Ben Fletcher, Chief Finance and Transformation Officer at The Very Group, commented: “We are
very pleased to have again extended our UK securitisation facility, which is a testament to the
calibre of our relationships with the securitisation banks, and their confidence in the quality of our
debtor book. We are grateful for their ongoing support.”
Contact information
Investor enquiries
Investor.relations@theverygroup.com
Notes to editors
About The Very Group
With annual revenue of over £2bn, The Very Group is a unique digital business that combines
online retail and flexible payments. Our digital retail brands, Very and Littlewoods, help to bring
over 2,000 desirable labels within easy reach of more customers.
Across electrical, home, fashion and more, we sell everything our 4.3 million customers could need,
except food. And our flexible payment options, which are provided responsibly via our Very Pay
platform and regulated by the Financial Conduct Authority, help our customers manage their
household budgets.
We have over a hundred years of history behind us, but at our heart there is a passion for change
– to constantly improve what we do, to innovate with data and technology at our core and to be
the best possible place to work.
For more information, follow us on LinkedIn and Instagram.
