By Leanne Carr2019-11-21T11:59:00
The Hut Group has secured millions of pounds worth of credit to invest in its online platform and build out its position as a digital leader in the beauty and wellness sector.
The Hut Group has raised £510m of Term Loan B debt issuance with a seven-year maturity, plus a five-year £150m revolving credit facility.
The loan facility will allow the retailer to invest in its online platform – Ingenuity – as well as “world-class talent” and its prestige brands, in a bid to strengthen its position in the beauty sector.
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