The British trading group Debenhams Group, formerly Boohoo Group, has expressed speculation about a possible new credit line and explained its financing plans.
In a mandatory notification, the company confirmed that it has an existing revolving credit line of £ 125 million (around 151 million euros), which is still running until the end of October 2026.
The retailer also explained that he continued to check his credit facilities “as part of the ordinary business operations”. The company will “announce further updates”.
The group did not go into more detail whether it is aiming for additional funds, as was previously speculated.
The statement by Debenhams is followed by a report by the media company Sky News, according to the retailer of a refinancing agreement of over 175 million British pounds (around 212 million euros) with its former owner, the US investment company TPG.
Sky News had reported that Debenhams was in advanced negotiations with the investor. Exact details of the alleged deal – such as the scope of the possible financing package – are currently not yet clear.
If such an agreement is concluded, Debenham’s greater distance from the Frasers Group would create a long time to attain control of the retailer.
Mike Ashley, the founder of the Frasers Group, had offered financial support in the refinancing of debt in June after increasing his share in the company to 28 percent in the previous month.
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