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For Immediate Release 21 August 2025
boohoo group plc
("Debenhams Group" or the "Group")
Debenhams completes successful refinancing
Debenhams Group (AIM:DEBS), the online powerhouse in fashion, home and beauty, today announces the completion of a new 3-year facility providing access to funding of up to £175 million.
The new facility, which extends maturity to August 2028, replaces the Group's previous £125 million revolving credit facility originally due to mature in October 2026. The new facility, executed by the new management team more than 12 months ahead of the original maturity date, provides significantly enhanced financial flexibility, enabling the Group to deliver its new multi-year turnaround strategy.
The new facility is provided by a number of financing parties, led by TPG Angelo Gordon. Reflecting the increased scale and flexibility of the facility, the interest rate is set at the Bank of England base rate plus 7.3%.
Dan Finley Chief Executive Officer of Debenhams Group, commented:
"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."
Notice of Results
Debenhams Group will announce its FY25 results by the end of August 2025.
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Enquiries |
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Debenhams Group |
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Phil Ellis, Chief Financial Officer |
Tel: +44 (0)161 233 2050 |
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Zeus Capital - Nominated Advisor and Joint Broker |
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Nick Cowles / Dan Bate / James Edis |
Tel: +44 (0)161 831 1512 |
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Benjamin Robertson |
Tel: +44 (0)20 3829 5000 |
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Panmure Liberum - Joint Broker Sodali & Co - Financial PR Adviser |
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Ben Foster / Louisa Henry |
Tel: +44 (0)20 3984 0114 |
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About Debenhams Group
Debenhams Group is an online powerhouse in fashion, home, and beauty, serving millions of customers across five shopping destinations: Debenhams, Karen Millen, boohoo, MAN and PLT. Debenhams Group dates back to 1778 when William Clark, a retail pioneer of the time, opened the UK's first department store. Today, the Group is home to Debenhams-which was relaunched in 2021 as an online department store-and leading online fashion retailers, including boohoo, PLT, MAN, and Karen Millen.
