Slaughter and May advised ASOS plc on the issuance of £500 million 0.75 per cent Guaranteed Senior Unsecured Convertible Bonds due 2026

Slaughter and May advised ASOS plc ("ASOS") on the issuance by ASOS' wholly owned subsidiary, Cornwall (Jersey) Limited, of £500 million 0.75 per cent guaranteed senior unsecured convertible bonds due 2026 ("the Bonds"), guaranteed by ASOS and ASOS.com Limited.

The net proceeds of the issue of the Bonds will be used to provide ASOS with additional flexibility to continue to invest behind its global growth strategy, as well as refinancing the acquisition of Topshop brands completed in February 2021.

Application is intended to be made for the Bonds to be admitted to trading on the unregulated open market (Freiverkehr) of the Frankfurt Stock Exchange after the Issue Date but prior to the first interest payment date.

HSBC and J.P. Morgan Cazenove acted as Joint Global Coordinators and Joint Bookrunners for the Offering. Barclays and Citigroup Global Markets Limited acted as Co-bookrunners for the Offering.

Slaughter and May advised ASOS as part of a joint team with Carey Olsen, acting in relation to matters of Jersey law.