Cazoo Group Ltd announced that it has entered into transaction support agreement with certain noteholders representing more than 75% of its $630 million aggregate principal amount of 2.00% Convertible Senior Notes due 2027 and shareholders representing more than 25% of its outstanding Class A ordinary shares, the company will cancel all $630 million aggregate principal amount of its Convertible Notes in exchange for the issuance to the current holders of the Convertible Notes of $200 million aggregate principal amount of new senior secured notes due February 2027 and Class A ordinary shares of the company which will represent 92% of the company?s outstanding Class A shares after completion of the transactions on September 20, 2023. The transaction will include participation from returning investor, Viking Global Investors LP, certain funds, accounts and entities managed or advised by Farallon Capital Management, L.L.C, certain other holders of the Company?s 2.00% Convertible Senior Notes due 2027 and individual investors such as Alex Chesterman and Daniel Och.