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MarketScreener Homepage  >  Equities  >  London Stock Exchange  >  Debenhams Plc       GB00B126KH97

DEBENHAMS PLC

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Debenhams : confirms new £50m facility received from its lenders

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10/10/2019 | 07:41am EDT

Following the successful consent solicitation concluded on 6 September 2019, Debenhams has raised a new £50m facility with certain of its existing lenders. This facilitywill provide the group with additional liquidity for the peak trading period and is substantially on the same pricing terms and utilisation mechanisms as the £200m facility originally announced on 29 March 2019.

Stefaan Vansteenkiste, Debenhams' CEO, said:

'We are delighted that our investor consortium have reaffirmed their commitment to the business by making available additional financing support for our peak trading period. We are in a strong position to continue to invest in marketing and new product initiatives as we prepare for the important Christmas season.'

- Ends -

Notes to editors

Debenhams is a leading international, department store destination with a proud British heritage which trades out of around 240 stores and is available online in more than 90 countries at www.debenhams.com. It is one of the top five fashion retailers in the UK and has a leading market position in premium beauty both in-store and online. Debenhams gives its customers around the world a unique, differentiated and exclusive mix of own brands, international brands and concessions.

Disclaimer

Debenhams plc published this content on 10 October 2019 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 10 October 2019 10:40:04 UTC


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Managers
NameTitle
Mark Anthony Gifford Chairman
Nicola Kinnaird Independent Non-Executive Director
David Alexander Robertson Adams Independent Non-Executive Director
Stephen Sunnucks Director
Beatrice Madeleine Lafon Non-Executive Director