Mothercare seeks rebirth with wide scale refinancing plan

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By Michael Turner
17 May 2018

UK child goods retailer Mothercare revealed a wide scale restructuring and refinancing plan on Thursday, in which it will take up to £113.5m of funding from debt and new equity.

The company has agreed revised debt facilities totalling £67.5m with Barclays and HSBC.

The loans will be due in December 2020 and include a step down in the committed facility to £50m from November 2018 and another stepdown in September 2020 to £30m.

From November this ...

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