BOOHOO GROUP PLC

Capital/Financing Update • Aug 21, 2025

National Storage Mechanism | Additional information

RNS Number : 1675W

Boohoo Group Plc

21 August 2025

For Immediate Release                                                                                                                                  21 August 2025

boohoo group plc

("Debenhams Group" or the "Group")

Debenhams completes successful refinancing

Debenhams Group (AIM:DEBS), the online powerhouse in fashion, home and beauty, today announces the completion of a new 3-year facility providing access to funding of up to £175 million.

The new facility, which extends maturity to August 2028, replaces the Group's previous £125 million revolving credit facility originally due to mature in October 2026. The new facility, executed by the new management team more than 12 months ahead of the original maturity date, provides significantly enhanced financial flexibility, enabling the Group to deliver its new multi-year turnaround strategy. 

The new facility is provided by a number of financing parties, led by TPG Angelo Gordon. Reflecting the increased scale and flexibility of the facility, the interest rate is set at the Bank of England base rate plus 7.3%.

Dan Finley Chief Executive Officer of Debenhams Group, commented:

"We have put in place a new facility, 12 months early, with strong lenders, that aligns and supports our new strategy - supercharging Debenhams and turning around our Youth fashion brands. This follows a comprehensive and competitive review of the market."

Notice of Results

Debenhams Group will announce its FY25 results by the end of August 2025.

Enquiries
Debenhams Group
Phil Ellis, Chief Financial Officer		Tel: +44 (0)161 233 2050
Zeus Capital - Nominated Advisor and Joint Broker
Nick Cowles / Dan Bate / James Edis		Tel: +44 (0)161 831 1512
Benjamin Robertson		Tel: +44 (0)20 3829 5000
Panmure Liberum - Joint Broker             Max Jones / Ailsa MacMaster / Gaya Bhatt  Sodali & Co - Financial PR Adviser			Tel: +44 (0)20 3100 2000
Ben Foster / Louisa Henry			Tel: +44 (0)20 3984 0114

About Debenhams Group

Debenhams Group is an online powerhouse in fashion, home, and beauty, serving millions of customers across five shopping destinations: Debenhams, Karen Millen, boohoo, MAN and PLT. Debenhams Group dates back to 1778 when William Clark, a retail pioneer of the time, opened the UK's first department store. Today, the Group is home to Debenhams-which was relaunched in 2021 as an online department store-and leading online fashion retailers, including boohoo, PLT, MAN, and Karen Millen.

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.

END

MSCEAFPEAFESEAA