Morrisons shaves down debt through further refinancing

Morrisons store Hatch End

Source: GettyImages/iStock/PaulMaguire

Morrisons has today announced it has completed its recent refinancing exercise, paying down or agreeing additional loan terms on over £2bn of debt.

The grocer said it had issued £930m worth of new Sterling and Euro bonds dated to January 2031 and agreed an additional term loan of £450m dated November 2030.

 

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