FORM 6-K

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

Special Report of Foreign Issuer

Pursuant to Rule 13a - 16 or 15d - 16 of
The Securities and Exchange Act of 1934

For the date of 16 March 2009

SIGNET JEWELERS LIMITED
(Translation of registrant's name into English)

Clarendon House,

2 Church Street,

Hamilton HM11,

Bermuda
(Address of principal executive office)

Indicate by check mark whether the registrant files or will file annual reports under cover Form 20-F or Form 40F.

Form 20-F X Form 40-F

Indicate by check mark whether the registrant by furnishing the information contained in this Form is also thereby furnishing the information to the Commission pursuant to

Rule 12g3-2(b) under the Securities Exchange Act of 1934.

Yes No X

If "Yes" is marked, indicate below the file number assigned to the registrant in connection with Rule 12g3-2(b): 82-

Signet Jewelers Ltd (NYSE and LSE: SIG)

Embargoed until 7.30 a.m. (EST)

March

16, 2009

Signet Enters Into Amended Borrowing Agreements

Signet Jewelers Ltd (

"Signet"),

the world's largest specialty

retail

jeweler, today announced that it has

entered into

amended borrowing agreements.

Discussions to make amendments to, and reduce the size of, the Group's borrowing facilities were initiated by Signet in November 2008, in light of a significant deterioration in the economic environment. The goal of the discussions was to provide the Group with additional financial flexibility in the medium term, while more appropriately structuring the borrowing facilities required by the significantly lower level of net debt now expected, based on the Group's revised operating and expansion strategies. Signet anticipates that it will be in compliance with the terms of the original borrowing agreement when it announces results for the year ended January 31, 2009 on March 25, 2009.

The amendments

relate to the terms of a

$380 million

2013

2018

year

US Private Placement Note Term Series Purchase Agreement entered into on March

30,

2006 (the "Note Purchase Agreement") and a $520 million unsecured multi-currency five year revolving credit facility agreement entered into on June 26, 2008 (the "Facility Agreement").

At January 31, 2009 the amount

drawn

under the Facility Agreement was $135.0 million.

Under the amended

agreements, Signet will prepay $100 million of the

notes at par plus accrued interest

on March 18, 2009

and

the revolving credit agreement

reduced in size to $370 million

with immediate effect.

In addition,

the margin paid on the revolving credit agreement and the coupon on the notes have been increased.

The most stringent

condition

under the

original

agreements

was a fixed charge

cover

covenant. The definition of this covenant has been amended

include depreciation

the earnings,

and

exclude

service charges and rates from expenses. This covenant

is set

at 1.4:1,

using the amended definition,

until the end of fiscal 2012, equivalent

to a reduction to about 1.1:1 from 1.4:1

under the former definition of fixed charge cover.

The fixed charge cover is then set at 1.55:1 until the end of fiscal 2013.

The amended agreements

also

reduce the

permitted

ratio of

net debt to

earnings

before interest, tax, depreciation and amortization

covenant

to 2:1 from 3:1

(2.5:1 in the third quarter

of each fiscal year)

and

places restrictions on the Group's ability to

undertake certain activities, including

cash distributions to shareholders.

A more detailed description of the amendments

set out below.

Amendment fees and other related

costs of $9.5

million will be

charged in fiscal 2010.

Walker Boyd, Group Finance Director, commented: "

The amended borrowing agreements give Signet greater long

term security

in its financing

and the reduction in facility size more closely matches the future financing requirements of the Group. The conclusion of these negotiations

reflects the

strong

working relationship that Signet has with

our lenders

and we appreciate their support

the Group in the current difficult economic environment."

Amended Facility Agreement

The terms of

the

amended

Facility

Agreement

(the "

Amended

Facility

Agreement"),

inter alia, include:

the ability by Signet to draw $370 million in the form of multi-currency cash advances and

the issuance of letters of credit

; and
an increased margin of 2.25% above LIBOR (from 1.20% above LIBOR), subject to adjustment depending on the performance of the Group, with the minimum being increased to 1.75% above LIBOR (from 1.0% above LIBOR) and the maximum being increased to 2.75% above

LIBOR (from 1.75% above LIBOR).

The continued availability of the Amended Facility Agreement is conditional upon the Group achieving certain financial performance criteria,

including those

set out below:

the ratio of Consolidated Net Debt to Consolidated EBITDA (Earning Before Interest, Tax, Depreciation and Amortization) shall not exceed 2:1 for each quarter,

except the third quarter when it

shall not exceed

2.5:1;
Consolidated Net Worth (total net

tangible

assets) shall

not fall below $800 million;
the ratio of EBITDAR (Earnings Before Interest, Tax, Depreciation, Amortization, Rents and Operating Lease Expenditure) to Consolidated Net Interest Expenditure plus Rents and Operating Lease Expenditure excluding Service Charges and Rates shall be equal to or greater than 1.4:1 for the trailing 12 months at each quarter end to January 2012,

increasing

to 1.55:1 until January 2013 and then to 1.85:1 for subsequent periods.

The ratio of 1.85:1

is

equivalent to 1.4:1

under

the original Facility Agreement;
beginning with

fiscal 2011,

the facility will be reduced, on a pro rata basis with the

notes outstanding (see below), by at least 60% of any reduction in net debt from the prior year end; and
no "Shareholder

Returns"

(defined as

including dividends, share buybacks or other similar payments) during

fiscal 20

10 or

fiscal 2011, and thereafter such returns may only be made if the

amended

fixed charge cover is above 1.7:1, there are no subsisting defaults and the directors confirm that they expect Signet to continue to comply with the covenant in the following 12 months.

The Amended Facility

Agreement

retains

certain provisions which are customary for this type of agreement, including standard "negative pledge" and "pari passu" clauses.

Amended Note Purchase Agreement

Coincidental to entering into the Amended Facility

Agreement,

amendments were made to the Note Purchase Agreement.

The original Note Purchase Agreement took the form of fixed rate investor certificate notes ("Notes"). These Notes represent 7, 10 or 12 year maturities, with Series (A) $100 million 5.95% due 2013; Series (B) $150 million 6.11% due 2016 and Series (C) $130 million 6.26% due 2018. The

financial covenants

of the

original

Note Purchase Agreement were

substantially the same as in

the original Facility Agreement.

The terms of

the

amended

Note Purchase Agreement ("

Amended

Note Purch

ase Agreement"), where they are

different to those in the Amended Facilities Agreement

disclosed above,

are, inter alia:

the

coupo

n was increased by an additional 2.0% (subject to a further 1.0% increase until fiscal 2013 if the

amended

fixed charge coverage ratio is less than

1.6:1,

and an additional 1.0% increase if

Note

holders are subject to increased capital charges

as a result of a requirement to post additional reserves under applicable insurance regulations, as determined by the insurance regulator

)

;
to prepay $100 million at par plus accrued interest on March 18, 2009. Subsequent prepayment offers, at par, are to be made in February of each of the following years - 2010, 2011, 2012 and 2013. The minimum amount of each such offer being the Note

holders' pro

rata share of 60% of any reduction in net debt that occurred over the preceding fiscal year. Any proportion of the

2011,

2012 or 2013 offers

rejected by Note

holders may be applied to Shareholder Returns,

as defined in the Amended Facility

Agreement; and
subsequent to January 2013, Shareholder R

eturns may only be made if total

offers

to prepay

of

$190 million of the Notes

have been made,

and that an additional prepayment offer at a 2% premium to par has

also

been made, in which case the Shareholder Returns may be no greater than the proportion of the additional offer rejected by the Note holders.

Enquiries:	Walker Boyd, Group Finance Director	+1 441 296 5872
	Tim Jackson, Investor Relations Director	+1 441 296 5872

Signet operated 1,959 specialty retail jewelry stores at January 31, 2009; these included 1,401 stores in the US, where the Group trades as "Kay Jewelers", "Jared The Galleria Of Jewelry" and under a number of regional names. At the same date Signet also operated 558 stores in the

, where the Group trades as "H.Samuel", "Ernest Jones" and "Leslie Davis". Further information on Signet is available at www.signetjewelers.com.

See also

www.kay.com

, www.jared.com, www.hsamuel.co.uk and www.ernestjones.co.uk

INVESTOR RELATIONS PROGRAM DETAILS

Full Year Results, Wednesday, March 25, 2009

The Full Year Results for the 52 weeks ended January 31, 2009 are expected to be announced at 7.30 a.m. EST on Wednesday, March 25, 2009. On that day there will be a conference call chaired by Terry Burman at 9.00 a.m. EST (1.00 p.m. GMT and 6.00 a.m. Pacific Time) and a simultaneous audio webcast with slide presentation available at www.signetjewelers.com. The dial-in details for the conference call are:

US dial-in:	+1 718 354 1171
US 48hr. replay:	+1 718 354 1112	Pass code: 4086123#

European dial-in:	+44 (0) 20 7138 0816
European 48hr. replay:	+44 (0) 20 7806 1970	Pass code: 4086123#

Citi

Retail Reverse Roadshow, to be held in

London

on Friday, March

27,

2009

Signet will be taking part in the Citi Retail Reverse Roadshow to be held in

London

on Friday, March 27

, 2009

. Present will be Walker Boyd, Group Finance Director and Tim Jackson, Investor Relations Director.

Morgan Stanley Retail Field Trip,

Wednesday, April

, 2009

Signet will be taking part in the Morgan Stanley Retail Field Trip on

Wednesday, April

1, 2009 in

Phoenix,

Arizona. Present will be Walker Boyd, Group Finance Director

and Mark Light, Chief Executive Officer of the US Division.

This release includes statements which are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements, based upon management's beliefs as well as on assumptions made by and data currently available to management, appear in a number of places throughout this release and include statements regarding, among other things, our results of operation, financial condition, liquidity, prospects, growth, strategies and the industry in which the Group operates. Our use of the words "expects," "intends," "anticipates," "estimates," "may," "forecast," "objective," "plan" or "target," and other similar expressions are intended to identify forward-looking statements. These forward-looking statements are not guarantees of future performance and are subject to a number of risks and uncertainties, including but not limited to general economic conditions, the merchandising, pricing and inventory policies followed by the Group, the reputation of the Group, the level of competition in the jewelry sector, the price and availability of diamonds, gold and other precious metals, seasonality of the Group's business and financial market risk.

For a discussion of these and other risks and uncertainties which could cause actual results to differ materially, see the "Risk and Other Factors" section of the Annual Report & Accounts of Signet Group plc furnished as an exhibit to its Report on Form 6-K furnished with the U.S. Securities and Exchange Commission on May 1, 2008 and other filings made by the Company with the Commission. Actual results may differ materially from those anticipated in such forward-looking statements even if experience or future changes make it clear that any projected results expressed or implied therein may not be realized. The Company undertakes no obligation to update or revise any forward-looking statements to reflect subsequent events or circumstances.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

	SIGNET JEWELERS LIMITED

	By: /s/ Walker Boyd


	Name: Walker Boyd
	Title: Group Finance Director

Date: 16 March 2009