Signet extends ABL to 2026, removes consumer credit risk via new receivable agreements

SIGNET JEWELERS LTD

ABL facility extended to July 28, 2026 (from Sep 2024); facility size remains up to $1.5B.
Entered into receivable purchase agreements with CarVal Investors and Castlelake effective June 30, 2021, removing consumer credit risk from balance sheet.
S&P upgraded Signet's issuer credit rating following enhanced financial profile.
No outstanding borrowings under ABL; facility provides flexibility to address 2024 senior notes and preference share maturities.

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