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Neutral Citation Number: [2025] EWHC 2755 (Ch)
Case No: CR-2025-004514
IN THE HIGH COURT OF JUSTICE
BUSINESS AND PROPERTY COURTS OF ENGLAND AND WALES
INSOLVENCY AND COMPANIES COURT (ChD)
Royal Courts of Justice
The Rolls Building
Fetter Lane
London, EC4A 1NL
Date: 24 October 2025
Before :
SIR ALASTAIR NORRIS
In the Matter of POUNDLAND LIMITED And In the Matter of the COMPANIES ACT 2006 | |
Tom Smith KC, Georgina Peters and Madeleine Jones (of Counsel) instructed by DLA Piper UK LLP for the Applicant
Ryan Perkins (of Counsel) instructed by Slaughter and May for PEU(Tre) Limited (a supporting creditor)
Hearing date: 26 August 2025
Approved Judgment
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- Background
- The events of Spring 2025
- That Pepco would leave the Unsecured Loans (then amounting to some £245 million) outstanding according to their terms That Pepco would provide a further overdraft facility of £30 million at an interest rate of 2% per annum if a restructuring plan was
- That Peach, Pepco and Poundland would enter into restructuring support arrangement
- Pepco will provide a £30 million overdraft facility which will rank pai passu with the WCF
- Issues in relation to the assenting classes
- Conclusions