Debenhams Completes Successful Refinancing

Summary by AI BETAClose X

Debenhams Group plc successfully completed a new three-year, £175 million funding facility, replacing its previous £125 million revolving credit facility which was due to mature in October 2026. The new facility, secured 12 months ahead of schedule, extends maturity to August 2028 and carries an interest rate of the Bank of England base rate plus 7.3%. This refinancing provides enhanced financial flexibility to support the Group's multi-year turnaround strategy. The company will announce its FY25 results by the end of August 2025.

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