PDS good summary as always. I posted earlier the £75m from the Italian isn’t required hence it hasn’t been renewed, why pay big finance charges if you don’t have to! I emailed the BOD and asked why there wasn’t an RNS to quell investors fears following the spurious telegraph article they said they didn’t need to as what their reply to the article was the truth.
As you say it’s a gathering exercise by the MMS for Frasers it’s so obvious. The issue for them is their doesn’t appear to be any large sellers at these levels so it’s going to take time for them to accrue what they want.
“ The agreed £75m reduction in the RCF, which will take effect in March 2025, reflects boohoo’s lower requirement for revolving credit and re-affirms business as usual operations”