Debenhams bondholders back restructuring [Reuters]
DEBENHAMS PLC ADR (DBHSY)
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Source: Reuters
Debenhams bondholders back restructuring | Reuters 1 Min Read LONDON, March 28 (Reuters) - Debenhams, the ailing British department store group, said on Thursday bondholders had agreed to change the terms of some of their bonds so that the firm can secure new loans of up to 200 million pounds ($264 million) from existing lenders. The group, which is trying to resist its biggest shareholder Sports Direct taking control of the group, said a majority of holders of 5.25 percent senior notes due 2021 had provided consent to the amendments sought to the existing notes. “The requisite consent level has therefore been achieved,” Debenhams said. $1 = 0.7583 poundsReporting by James Davey; Editing by Mark Potter All quotes delayed a minimum of 15 minutes. See here for a complete list of exchanges and delays. Š 2019 Reuters. All Rights Reserved. Debenhams bondholders back restructuring LONDON, March 28 (Reuters) - Debenhams, the ailing British department store group, said on Thursday b
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