UK's Mothercare says it expects to complete refinancing shortly
22/09/2023 07:57
Sept 22 (Reuters) - Mothercare MTC.L expects to
complete a refinancing shortly and will remain in discussions
with stakeholders and financing partners to ensure adequate
financing, the British baby products retailer said on Friday.
In May, the company started discussions with its lender to
change, renegotiate or refinance its debt facility due to high
interest rates and said it may need waivers to future covenant
tests.
(Reporting by Aatrayee Chatterjee in Bengaluru; Editing by
Savio D'Souza)
((Aatrayee.Chatterjee@thomsonreuters.com;))