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New Look announces proposed recapitalisation transaction
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New Look announces proposed recapitalisation transaction

Views:0     Author:Site Editor     Publish Time: 2020-08-31      Origin:Site

New Look Retail Holdings Ltd Group in the United Kingdom has agreed with its financial creditors to the key terms of a comprehensive recapitalisation transaction that will extend New Look’s facilities, deliver a new money investment of £40 million and significantly de-leverage the balance sheet. It will have funding to provide a sustainable platform for post-COVID trading.


The transaction will enable the group to invest in and deliver its strategic business plan, according to a company press release.



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