21st Aug 2025 10:36
boohoo Group PLC - Manchester, England-based online fast fashion retailer - Completes a new three-year facility which provides access to funding of up to GBP175 million and extends its maturity to August 2028. It replaces boohoo's prior GBP125 million revolving credit facility which was due to mature in October 2026. The facility is provided by a number of unnamed financing parties, led by TPG Angelo Gordon. The loan's interest rate is at the Bank of England base rate plus 7.3%. "We have put in place a new facility, 12 months early, with strong lenders, that aligns and supports our new strategy - supercharging Debenhams and turning around our Youth fashion brands. This follows a comprehensive and competitive review of the market," says Debenhams Group Chief Executive Officer Dan Finley. boohoo will publish full-year results by the end of August. Read More
