Vision Capital restructures UK retailer, BrightHouse
Client(s) Haig Luxembourg Holdco S.à r.l.
Jones Day is advising Vision Capital in connection with the £220 million financial restructuring of its subsidiary, BrightHouse (a rent-to-own retailer operating in the United Kingdom). The restructuring, consisting of a debt-for-equity swap, will be implemented by way of an exchange offer and consent solicitation or, failing the requisite consent, a scheme of arrangement.