Debenhams: Shares in Boohoo owner rise amid £175m deal talks

Debenhams: Shares in Boohoo owner rise amid £175m deal talks

Shares in Debenhams Group, which also includes brands such as Boohoo, have risen amid talks over a £175m refinancing its huge debt pile as it looks to turn around the struggling business. The owner of Pretty Little Thing, which rebranded to Debenhams earlier this year in a shift to a marketplace model, has been struggling with low sales for its youth brands as well as high debt. The Manchester-headquartered company is in talks about a debt packa…

Debenhams Group in discussions about a debt package worth as much as US $ 230 million

The Debenhams Group, formerly known as the Boohoo Group, is negotiating a US $ 230 million debt plan. The fashion giant has discussed obtaining US $ 66 million of the anticipated amount via the high yield market. According to reports, the retail firm has had conversations with a number of asset-backed lenders, who, in the […] The post Debenhams Group in discussions about a debt package worth as much as US $ 230 million appeared first on Apparel …

Debenhams Group exploring £175m debt refinancing deal

Debenhams Group, formerly known as Boohoo, is in discussions to refinance up to £175m worth of debt, according to reports from The Telegraph. The online fashion company is reportedly looking to access the high yield market for £50m of the proposed total. Debenhams Group has also sounded out several asset-backed lenders, which take security over property, stock and intellectual property in case of insolvency. It is believed that the remaining £12…

Debenhams Group in talks over £175m refinancing deal - Retail Gazette

Debenhams Group, formerly Boohoo Group, is in discussions about a debt package worth as much as £175m. The fashion giant has held talks about tapping the high yield market for £50m of the proposed total, The Telegraph reported. The retail group is also understood to have held discussions with several asset-backed lenders, which take security over property, stock and intellectual property in case of insolvency. It is expected the remaining £125m …