Soho House, the Nick Jones-led group, has announced it has signed a new agreement with Permira Debt Managers (PDM), the debt management and advisory arm of Permira, to refinance its existing debt and support its future growth.

The funding, which is being provided and arranged by PDM funds as well as a PDM co-investor, comprise of a £275m private senior secured loan as well as an additional £100m which will be potentially available to finance further global expansion of the business.

The PDM funds first invested in Soho House in 2013 and this new loan constitutes the PDM funds’ largest ever direct lending investment since inception in 2007.

Soho House, which was founded in London, in 1995, as a private members’ club for those in the film, media and creative industries, has gradually expanded to include 18 Houses globally, as well as restaurants, cinemas, spas and bedrooms.

Ron Burkle, chairman of Soho House, said “PDM has been a great supporter of the Company. They understand the investment we have made in the Company’s growth. This new financing will significantly lower the company’s cost of capital and allow us to continue the growth plan that is showing strong results.”

Jones, founder and chief executive of Soho House, said: “We are very pleased to reach this agreement with the PDM funds, who are already backers of Soho House. The business is performing very strongly and now we have an improved financial solution to support our ambitious growth plans. We have been opening new clubs around the world and applications for memberships have never been stronger. New Houses set to open in the next two years include DUMBO in Brooklyn NY, Mumbai, White City London, Greek Street London, Amsterdam, Downtown LA, Austin Texas and Hong Kong. In addition we are opening, The Ned on Tuesday 2 May – 252 bedrooms, nine restaurants and a social and fitness membership in the City of London.”

Thomas Kyriakoudis, chief investment officer of PDM, said: “With this new private debt solution, the company will have the flexibility and support it needs to continue strengthening its position as the only globally recognised private members’ club and hospitality business for the creative industries.”