The Hut Group turns on charm with its first Term Loan B

By Karoliina Liimatainen
26 Nov 2019

Beauty-focused e-commerce company The Hut Group (THG) is building up its war chest with a £510m-equivalent Term Loan B issue. The fully underwritten issue will test the investors’ interest in the sprawling, privately-held company with ambitions in both online stores and tech services, with risky side trips to real estate.

The seven-year TLB will come with covenant-lite terms, following the trend in leveraged finance.

Citi, Barclays and HSBC are joint global co-ordinators on the loan with Santander, JP Morgan and NatWest also running the books.

THG is also launching a five year £150m new revolving credit facility, underwritten ...

Please take a trial or subscribe to access this content.

Contact our subscriptions team to discuss your access:

Or sign up for a trial to gain full access to the entire site for a limited period.

Free Trial

Corporate access

To discuss GlobalCapital access for your entire department or company please contact our subscriptions sales team at: or find out more online here.