Farfetch Holdings Plc, Co's Unit, Entered Committed First Lien Delayed Draw Term Loan Facility In Principal Amount Of $500M
Farfetch Holdings Plc, Co's Unit, Entered Committed First Lien Delayed Draw Term Loan Facility In Principal Amount Of $500M
– SEC Filing
On December 18, 2023, Farfetch Holdings plc ("FF PLC"), a public limited company organized under the laws of England and Wales and a wholly owned direct subsidiary of Farfetch Limited, informed the board of directors of Farfetch Limited (the "Board") that it had entered into (i) a committed first lien delayed draw term loan facility in an aggregate principal amount of $500 million (the "Bridge Loan Facility") with certain direct and/or indirect subsidiaries of FF PLC, as borrowers and/or guarantors and Athena Topco LP, a Delaware limited partnership ("Athena Topco"), an entity owned by Coupang, Inc. ("Coupang"), and funds managed and/or advised by Greenoaks Capital Partners LLC ("Greenoaks"), as lender (the loans drawn on the Bridge Loan Facility from time to time, collectively, the "Bridge Loans") and (ii) a transaction support agreement (the "Support Agreement") with, among other parties, Farfetch Limited, Athena Topco and an ad hoc group of lenders (the "AHG") holding in excess of 80% of the outstanding term loans (the "Term Loans") under the existing credit agreement of FF PLC and certain of its direct and/or indirect subsidiaries, dated October 20, 2022, as amended on April 7, 2023, and as further amended on August 11, 2023 (the "Credit Agreement"; and the Credit Agreement as amended by the third amendment to be entered into on December 18, 2023 (as further described below), the "Amended Credit Agreement").
— 美國證券交易委員會備案
2023 年 12 月 18 日，Farfetch Holdings plc (”FF PLC“）是一家根據英格蘭和威爾士法律組建的上市有限公司，也是Farfetch Limited的全資直接子公司，它向Farfetch Limited董事會通報了Farfetch Limited（板“) 它已簽訂 (i) 承諾的第一留置權延遲提款定期貸款機制，本金總額爲5億美元（即”過橋貸款機制“) 與作爲借款人和/或擔保人的FF PLC的某些直接和/或間接子公司以及特拉華州有限合夥企業Athena Topco LP（”雅典娜·託普科“），Coupang, Inc. 旗下的實體（”Coupang“），以及由Greenoaks Capital Partners LLC管理和/或諮詢的基金（”格林奧克斯“），作爲貸款人（不時通過過渡貸款機制提取的貸款，統稱爲”過橋貸款“) 和 (ii) 交易支持協議（支持協議“) 除其他各方外，還有 Farfetch Limited、Athena Topco 和一組特設貸款人（啊“) 持有超過 80% 的未償定期貸款（該”定期貸款“) 根據FF PLC及其某些直接和/或間接子公司於2022年10月20日簽訂的現行信貸協議，該協議於2023年4月7日修訂，並於2023年8月11日進一步修訂（”信貸協議“；以及經第三修正案修訂的信貸協議，將於2023年12月18日生效（詳見下文），”經修訂的信貸協議“)。
Farfetch Limited and its financial advisors have conducted a thorough and extensive process to secure additional liquidity for Farfetch Limited and its subsidiaries. Without such liquidity, Farfetch Limited and its subsidiaries would have been unable to continue as a going concern. The Board is disappointed that the process has not resulted in a solution that ensures that Farfetch Limited, the listed entity, remains a going concern. However, the Board is pleased to see that FF PLC has successfully secured a solution that ensures the continued operations of its business and that it will continue to serve the network of brands, boutiques and consumers depending on the FARFETCH Marketplace every day.
Farfetch Limited及其財務顧問已經進行了徹底而廣泛的流程，以確保Farfetch Limited及其子公司獲得額外的流動性。沒有這樣的流動性，Farfetch Limited及其子公司將無法繼續經營下去。審計委員會感到失望的是，該程序未能達成確保上市實體Farfetch Limited繼續經營的解決方案。但是，董事會高興地看到，FF PLC成功地獲得了確保其業務持續運營的解決方案，並將繼續爲每天依賴FARFETCH Marketplace的品牌、精品店和消費者網絡提供服務。
譯文內容由第三人軟體翻譯。