Department Stores
Debenhams’ unsecured creditors to lose out on £1.3bn
Debenhams’ debt included £323.6m in respect of its revolving credit facility as well as £202.5m in unsecured loans
Debenhams’ unsecured creditors, including clothing suppliers, landlords and lenders, are set to lose out on the £1.3bn they were owed before the business collapsed in 2020.
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