Clothing & Shoes
Boohoo repays £50m of £97m loan following fundraising drive
Last month, Boohoo raised £39.3m through a ‘significantly oversubscribed’ fundraising launch with shareholders after its losses tripled and revenues fell in its half-year results
Boohoo has partially repaid its £97m term loan following the conclusion of a recent refinancing drive, as the group continues a turnaround plan after losses tripled in its half-year results. Its board confirmed it has notified lenders of the repayment of £50m of the £97m term loan, with the repayment set to be made with funds raised from a recent oversubscribed placing which raised £39.3m.
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