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boohoo Group PLC - Manchester, England-based online fast fashion retailer - Completes a new three-year facility which provides access to funding of up to £175 million and extends its maturity to August 2028. It replaces boohoo’s prior £125 million revolving credit facility which was due to mature in October 2026. The facility is provided by a number of unnamed financing parties, led by TPG Angelo Gordon. The loan’s interest rate is at the Bank of England base rate plus 7.3%. ‘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,’ says Debenhams Group Chief Executive Officer Dan Finley. boohoo will publish full-year results by the end of August. Current stock price: 15.12 pence, up 8.5% in London on Thursday morning 12-month change: down 42% Copyright 2025 Alliance News Ltd. All Rights Reserved.
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