REG - Boohoo Group Plc - Debenhams Completes Successful Refinancing

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RNS Number : 1675W  Boohoo Group Plc  21 August 2025

 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.

 

 

 Enquiries
 Debenhams Group
 Phil Ellis, Chief Financial Officer         Tel: +44 (0)161 233 2050

 Zeus Capital - Nominated Advisor and Joint Broker
 Nick Cowles / Dan Bate / James Edis         Tel: +44 (0)161 831 1512
 Benjamin Robertson                          Tel: +44 (0)20 3829 5000

 Panmure Liberum - Joint Broker                                    Tel: +44 (0)20 3100 2000

Max Jones / Ailsa MacMaster / Gaya Bhatt

 Sodali & Co - Financial PR Adviser
 Ben Foster / Louisa Henry                                         Tel: +44 (0)20 3984 0114

 

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.

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