Refinancing Helps Morrisons Reduce Debt Burden

Refinancing Helps Morrisons Reduce Debt Burden

Morrisons has announced that it has recently completed a refinancing exercise, paying down more of the debt resulting from the 2021 takeover by CD&R and extending the maturities on its existing loans. The supermarket, which is making progress with its (more…) The post Refinancing Helps Morrisons Reduce Debt Burden appeared first on KamCity.

Morrisons sheds £261m in debt restructuring

Morrisons has announced that it has undergone a debt restructuring agreement, shedding £261m in debt and extending its payment dates and terms for its current loans. As part of the…

Morrisons cuts debt by £261m through refinancing deal

Morrisons has cut its debt by £261m after completing a refinancing deal that also extends the maturity of its loans. The supermarket chain said it had issued a £930m equivalent sterling and euro bond maturing in January 2031, secured a new £450m term loan maturing in November 2030, and repurchased £1.19bn of sterling and euro bonds due in 2027 along with £450m of unsecured notes. The latest refinancing brings the total debt repaid since Morrison…

Morrisons slashes debt by £260m under new refinancing - Retail Gazette

Morrisons has completed a recent refinancing exercise, bringing its debt down by a further £261m and extending its maturities on existing loans. The supermarket chain said it had issued a new £930m equivalent Sterling and Euro bond dated to January 2031, the agreement of an additional term loan of £450m dated November 2030, and the repurchase of £1,193m of Sterling and Euro bonds dated 2027 as well as £450m of unsecured notes. It brings the tota…