Sports Direct offers £150m loan to Debenhams

By Frances Ivens2019-03-13T19:06:00

Source: Shutterstock/Pajor Pawel

Sports Direct has offered a £150m unsecured loan to Debenhams which would enable the retailer to repay its bridge facility and place Mike Ashley at the helm of the company.

Out of the total loan £40m would be used to repay Debenhams’ current bridge facility and £110m would be available as working capital.

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