Soho House Group £275 million refinancing

Overview:

• Soho House Group, the network of private members clubs, has undertaken a £275 million refinancing.
• The agreement has been signed with Permira Debt Managers and includes an option for an additional £100 million.
• The new financing will be used to repay existing bonds and Pik notes.
• The funds will also be used to facilitate expansion. The group plans to open three to four new clubs a year to add to its 18 existing locations.
• The group currently has 65,000 members and 40,000 people on its waiting list according to the Financial Times.

Sam Duke - Editor