New Look sets roadshow for £800 million equivalent notes in two parts

By Aleesia Forni

Virginia Beach, Va. - New Look Bondco I plc has scheduled a roadshow ahead of a proposed £800 million equivalent offering of senior secured notes in two tranches, according to a market source.

The U.S. and European roadshow will kick off on April 29 and run until May 2.

The company plans to sell an issue of fixed-rate, British pound sterling-denominated or dollar-denominated notes due 2018. The notes will be non-callable for two years.

There is also a planned floating-rate issue of British pound sterling-denominated or euro-denominated notes due 2018. The notes will be non-callable for one year.

Goldman Sachs & Co. will bill and deliver and is joined by J.P. Morgan Securities LLC as a joint global coordinator.

Goldman, JPMorgan, Deutsche Bank Securities Inc., HSBC Securities (USA) Inc., Lloyds Bank and RBS Securities Inc. are joint bookrunners for the Rule 144A and Regulation S deal.

New Look is a Weymouth, England-based apparel and footwear retailer.

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