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LevFinLevFin High Yield Bonds

Retailer launches refi with billionaire brothers’ backing

B&M retail from company 575x375

UK discount chain B&M Value Retail has launched a £350m senior secured bond and a £300m term loan to refinance its whole capital structure — with help from the Arora brothers, the largest shareholders in the company, who will subscribe for £100m of the bond through their vehicle SSA Investments.

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