Debenhams completes £175m refinancing deal
The company announced that a new three-year credit facility would be led by investment firm TPG Angelo Gordon, a subsidiary of TPG which had helped take the Debenhams department store chain private in 2003.
The new £175m facility, which extends maturity to August 2028, replaces a £125m revolving credit facility that was up for expiration in October 2026. It “provides significantly enhanced financial flexibility, enabling the group to deliver its new multi-year turnaround strategy”, the group said in a statement.
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