US EditionUS Owners Carlyle Inject £150m Into Debt-Laden Very
Carlyle’s £150 million injection and debt-to-equity swap improve Very Group’s capital structure and extend credit facilities through 2030, supporting growth and potential sale plans.
- On Monday, Carlyle, the US private equity owner, confirmed it converted some of Very's debts into equity and injected 150 million pounds into the retailer.
- Last year, Carlyle and IMI took ownership of Very in November as the Barclays business empire collapsed, with IMI becoming a major lender after a failed Telegraph bid.
- Very said its UK securitisation facility was extended to February 2029 and a revolving credit facility was extended to 2030, significantly strengthening the group's capital structure and positioning it for growth.
- Extended maturities and deleveraging provide a stable platform for continued investment while Carlyle continues to seek a sale, according to the firm.
- Going forward, Carlyle's backing signals ongoing support as lenders rolled or extended loans to shore up Very's debt-laden balance sheet.
16 Articles
16 Articles
The Independent
US owners Carlyle inject £150m into debt-laden retailer Very
It was part of a wider deal which saw the retail business extend some of its loans.
Very Group refinances debt and extends maturities to 2030
The Very Group has refinanced key borrowings, extending maturities to 2029-2030 and lowering costs after reducing debt by £150m ($203.9m).The post Very Group refinances debt and extends maturities to 2030 appeared first on Retail Insight Network.
Carlyle backs £150m refinancing to reduce Very Group debt
US private equity firm Carlyle Group has supported a £150m refinancing at online retailer The Very Group, converting debt into equity in a moved designed to strengthen the company’s balance sheet, according to a report by The Independent. Carlyle, which took ownership of Very in November 2025 following the collapse of the Barclay Brothers’ business empire, is also continuing to pursue a potential sale of the debt-laden retailer. The refinancing …
The Very Group strengthens capital structure - Big Furniture Group
The Very Group, which operates digital retailers Very and Littlewoods, has announced the successful extension and renewal of its key debt facilities, securing long-term funding out to 2029 and beyond. The refinancing, completed under owners Carlyle, significantly strengthens the Group’s capital structure and leaves the business well positioned for the next stage of its growth. As part of the refinancing, all note classes within the Group’s UK se…
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