THE RETAIL BULLETIN - The home of retail news
Click here
Home Page
News Categories
Commentary
CX
Department Stores
Desert Island Stores
Electricals and Tech
Entertainment
Fashion
Food and Drink
General Merchandise
Grocery
Health and Beauty
Home and DIY
Interviews
People Matter
Retail Business Strategy
Property
Retail Solutions
Electricals & Technology
Sports and Leisure
TRB conference review
Christmas Ads
Shopping Centres, High Streets & Retail Parks
Uncategorized
Retail Events
People in Retail Awards 2024
Retail Ecom North
Retail HR North 2025
Retail Omnichannel Futures 2025
Retail HR Central 2025
The Future of The High Street 2025
Retail Ecom Central
Upcoming Retail Events
Past Retail Events
Retail Insights
Retail Solutions
Advertise
About
Contact
Subscribe for free
Terms and Policies
Privacy Policy
New Look completes financial restructuring

Fashion retailer New Look has completed a financial restructuring that has reduced its long-term debt from around £1.35 billion to £350 million. In addition, the transaction… View Article

FASHION RETAIL NEWS UK

New Look completes financial restructuring

Fashion retailer New Look has completed a financial restructuring that has reduced its long-term debt from around £1.35 billion to £350 million.

In addition, the transaction has delivered £150 million of new long-term capital in the form of new senior secured notes which has been used to repay New Look’s £80 million bridge facility, settle transaction costs, and provide the business with additional liquidity to support its future development.

Alistair McGeorge, New Look executive chairman, said the completion represented a significant milestone in New Look’s turnaround process.

He added:  “With a materially deleveraged balance sheet and a more flexible capital structure, we now have a stable operating platform, which positions us well to respond to challenges and grasp new market opportunities.

“With a highly experienced management team and a stable operating platform in place, we are now positioned to deliver on our wider plans and attack our future.”

Subscribe For Retail News