New Look closes in on £100m refinancing deal

Exterior of New Look Bath store

Fashion retailer New Look is reportedly in “advanced talks” with Blazehill Capital and Wells Fargo regarding a £100m debt refinancing deal to replace a loan that is set to mature next June.

The deal will offer New Look “financial breathing space” during challenging trading conditions during the cost-of-living crisis.

Talks regarding a refinancing deal for the debt, the holders of which are specialist retail investor Alteri, private equity firm Davidson Kempner and investment bank Goldman Sachs, are said to have been “ongoing for months”.

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