By Luke Tugby2019-12-16T07:56:00
The Hut Group has won €1bn in new financing that will transform its balance sheet and super-charge its growth aspirations.
The online retailer has secured a new €600m capital market term-loan, a five-year £150m revolving credit facility and a £200m package provided to a new THG subsidiary, which includes its property portfolio.
Belgian investor Sofina and asset manager BlackRock, which has been a long-term investor in THG, will inject £66m in new equity between them as part of the deal, Sky News reported.
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