Dunelm fully draws down RCF as UK shuts down
Dunelm, the UK homewares company, has drawn down entirely its £165m revolving credit facility, as it became the latest European firm to lean on its banking group amid the sharp economic downturn from the Covid-19 pandemic.
Until now it had only drawn £14m of the facility, due March 2023. The facility was agreed in 2018 with Barclays, HSBC and Lloyds.More companies are having to draw down their revolving credit facilities, particularly in the sectors worst hit by the pandemic, such as airlines and associated ...
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