Debenhams FD refinances debt
Debenhams, the UK's No.2 department stores group, has completed a refinancing of its debts, signing a new £650 million pound agreement that will cut its interest bill.
Finance Director Chris Woodhouse explained that the deal comprised a £250 million term loan and a £400 million revolving credit facility expiring in October 2013, with an option to extend to October 2014.
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