Debenhams secures £200m refinancing deal, fending off acquisition

Debenhams secures refinancing deal
The deal follows an unsuccessful takeover bid from shareholder Mike Ashley and his company Sports Direct

UK department store chain Debenhams has secured a £200m refinancing package from its existing lenders. The deal follows an unsuccessful takeover bid from shareholder Mike Ashley and his company Sports Direct, which already owns a nearly 30% stake in the...

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