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LONDON - Debenhams Group (LSE:DEBS) on Thursday responded to recent market speculation regarding a potential new debt facility, clarifying its current financial arrangements.
The online retailer of fashion, home, and beauty products confirmed it maintains an existing £125 million revolving credit facility that does not expire until October 2026. The company stated it "continues to review its debt facilities, in the ordinary course of business."
In a brief statement to the London Stock Exchange (LON:LSEG), Debenhams indicated it would provide further updates as appropriate, without elaborating on the nature of the speculation or confirming whether it is actively seeking additional financing.
The company, which operates multiple online shopping destinations including Debenhams, Karen Millen, boohoo, MAN, and PLT, made no additional comments regarding its financial position or business operations.
Debenhams Group traces its origins to 1778 when William Clark opened what is described as the UK’s first department store. The Debenhams brand was relaunched as an online department store in 2021 after the physical stores closed.
The statement was issued through the Regulatory News Service (RNS) of the London Stock Exchange.
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