By Luke Tugby2019-12-13T12:34:00
Sir Philip Green’s Arcadia has refinanced the £310m loan on its flagship Topshop store on London’s Oxford Street.
The fashion group has struck a deal over a four-year loan from US investment giant Apollo ahead of a deadline that was looming at the end of the year.
The Apollo debt will be secured against the property that houses the Topshop flagship and Niketown.
Last month, it emerged that Arcadia was scurrying to pay back the loan before Christmas and was in talks with specialist lenders to refinance the £310m mortgage.
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