Debenhams nets £40m cash lifeline to ease funding crisis

Struggling Debenhams says it has netted a £40m credit facility as it continues talks with lenders to secure its financial future.

The department store chain, which is carrying out a transformation plan in exchange for continued support from its banks, said the new funds would “act as a bridge to facilitate a broader refinancing and recapitalisation.”

Debenhams said it hoped to conclude a “comprehensive” agreement in due course.

More follows…
Read more posts United Kingdom or read the original

This content was imported with an automated system, without human intervention. You can report the removal of content by first reading our Legal Disclaimer