Debenhams: Earlier today Debenhams secured their £200m financing from creditors, which means Mike Ashley has lost. We had been wondering for some time why
Read MoreDebenhams: have launched a consent solicitation for the staggering sum of up to £200m new money facilities. The deadline is 28th of March. And if accepted
Read MoreCasino today are out with results that look broadly positive. Conf. call ongoing. However the devil will be in the detail, as the consolidated numbers are not an accurate reflection
Read MoreDebenhams board says they are "in advanced negotiations with its current lenders about additional facilities of approximately £150m. £40m of these facilities will refinance the £40m bridge facility announced
Read MoreSome morning thoughts:
- Debenhams yesterday published an update indicating that the season is going worse than expected and that LdL sales continue to slip. As a consequence, management is now looking for a more comprehensive restructuring (i.e. debt for equity) instead of just a bridge facility.
-Senvion
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