Debenhams strikes rescue refi deal

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Debenhams strikes rescue refi deal

Debenhams from company 230x150

UK department store chain Debenhams has agreed a refinancing with its existing lenders, giving it an extra 12 months and an extra £40m of headroom, along with certain covenant waivers — but the race is on for a full recapitalisation by the end of the second quarter.

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