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
B&M reveals plans to secure £250m boost

Discount retailer B&M has revealed plans to secure a financial boost of £250m. The Liverpool-headquartered company, which is listed on the London Stock Exchange, intends to… View Article

GENERAL MERCHANDISE NEWS

B&M reveals plans to secure £250m boost

Discount retailer B&M has revealed plans to secure a financial boost of £250m.

The Liverpool-headquartered company, which is listed on the London Stock Exchange, intends to offer senior secured notes which would be due in 2028.

A senior note is a type of corporate bond and would be paid before a junior note if a company enters bankruptcy. Senior notes are typically unsecured debt and they aren’t secured by collateral.

In a statement, B&M said it intends to use the gross proceeds for “general corporate purposes” and to pay fees and expenses incurred in connection with the offering of the notes.

Last week it reported a total group revenue of £2.268bn for the six months to September 25, 2021, up from £2.242bn. B&M UK’s sales increased from £1.885bn to £1.909bn while Heron Foods’ slipped from £216.2m to £203.1m.

The group’s French sales rose by more than 10% from £140.6m to £155.4m.

B&M has also reported group pre-tax profits of £241.3m, up from £235.6m.

The group added that it faced “more challenging trading conditions” in Heron Foods as average transaction values for grocery shopping normalise to pre-pandemic levels, but it also said there had been “satisfactory earnings through careful cost control and cash discipline”.

Subscribe For Retail News