H&M signs €980m short term crisis revolver

clothes 230-150x
By Mike Turner
09 Apr 2020

Fashion retailer H&M has signed a €980m revolving credit facility to sit alongside its existing main bank line, as the Swedish company becomes the latest to turn to the bank market to bolster its finances during the coronavirus pandemic.

The new facility has a 12 month maturity with a six month extension option. This is in line with the kind of maturities that other crisis-hit companies have been agreeing with their banking groups in recent weeks.

SEB coordinated the new facility and was joined by BNP Paribas, Commerzbank, ...

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