Soho House & Co has confirmed that it is in advanced discussions to refinance its existing debt, which will provide it with additional liquidity for growth over the next five years.
The £275m debt facility will provide reduced interest rate terms until 2022, enabling the company to repay £152.5m of existing bonds and £40m of high-interest payment-in-kind notes.
Founded in 1995, Soho House & Co's portfolio comprises of 18 private members club, 11 of which double as hotels, and 16 restaurant brands across the globe.
The Ned is the very latest UK hotel, spa and club, which has just opened in London's EC2. Soho Farmhouse in Oxfordshire is pictured.