Debenhams to seek additional £50m from lenders

Debenhams Stevenage

Debenhams is set to ask its lenders for a further £50m cash injection to carry the struggling retailer through Christmas trading.

The department store retailer is understood to have informed its lending syndicate that it expects to require the additional funding as soon as this autumn, according to Sky News.

The £50m increase would be made in addition to the £200m borrowing facility secured in March.

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