Member Article

Yorkshire’s ghd announces refinancing to enable expansion

Yorkshire company ghd, which was acquired by Lion Capital just over a year ago for £300 million, today announced it has refinanced for growth with JP Morgan and Barclays.

The iconic brand which was established in 2001 produces technologically advanced premium hair styling products, including stylers, dryers and accessories, and is a brand under Jemella Group.

The business has delivered rapid international expansion in recent years and completed its debut £165 million offering of Senior Secured Notes due 2020 via bookrunners JP Morgan and Barclays.

The transaction will allow the company to refinance existing senior debt and repay a portion of shareholder loans.

ghd has also agreed a £20 million multi-currency revolving credit facility through Barclays and JP Morgan.

Tomas Mason, relationship director with Barclays Corporate said: “This deal demonstrates Barclays appetite to fund quality transactions with tailored solutions. ghd is a longstanding client and, under Lion’s ownership, we are confident the business will continue to grow.”

This was posted in Bdaily's Members' News section by Clare Burnett .