B&M European Value Retail S.A. announced that it intends to offer sterling-denominated senior secured notes in an aggregate principal amount of approximately £350 million due 2025 (the "Notes"). The Notes will be offered in connection with the refinancing of certain of the Company's existing senior credit facilities and existing notes. The existing facilities will be replaced by new senior credit facilities, which will include a new term loan a facility of £300 million and a revolving credit facility of up to £155 million. If successful, the proceeds from the offering of the Notes, together with the new term loan A facility and cash on hand, will be used to refinance all of the existing senior facilities, to redeem and repay in full the Company's existing 4.125% senior secured notes due 2022 (including accrued and unpaid interest and applicable redemption premium), to pay fees and expenses relating to the refinancing, including the offering of the Notes, and for general corporate purposes.