14 Mar 2019 07:00
14 March 2019
DEBENHAMS PLC
Statement in response to Sports Direct proposal
Debenhams acknowledges Sports Direct's statement issued at 6.30pm last night and confirms receipt of its proposal to provide a £150m, unsecured 12 month term loan to the company, subject to certain conditions.
Any third party loan offer on these terms would require both the consent of our RCF Lenders and Noteholders and material amendments to existing facilities.
Nevertheless, the board will give careful consideration to the proposal and will engage with Sports Direct and other stakeholders regarding its feasibility in the interests of all parties.
ENDS
Enquiries:
Brunswick Group | Craig Breheny/Fiona Micallef-Eynaud |
| 020 7404 5959 |
| debenhams@brunswickgroup.com |