THE RETAIL BULLETIN - The home of retail news
Home Page
News Categories
Christmas Ads
Commentary
Department Stores
Electricals & Technology
Entertainment
Fashion
Food & Drink
General Merchandise
Grocery
Health & Beauty
Home & DIY
Interviews
Property
Retail News
Retail Solutions
Shopping Centres, High Streets & Retail Parks
Sports & Leisure
Retail Events
People in Retail Awards 2023
Retail Marketplace Strategy 2023
Omni Channel Futures 2023
Retail HR Central
Digital Transformation Strategy 2023
Customer Engagement Strategy 2023
Retail HR 2023
THE Retail Conference 2023
Upcoming Retail Events
Past Retail Events
Retail Insights
Retail Solutions
Advertise
About
Contact
Subscribe for free
Terms and Policies
Privacy Policy
Asos in final stages of talks to amend terms of credit facility

Online fashion retailer Asos has said it is in the final stages of agreeing an amendment to its future financial covenants in its revolving credit facility. The… View Article

FASHION

Asos in final stages of talks to amend terms of credit facility

Online fashion retailer Asos has said it is in the final stages of agreeing an amendment to its future financial covenants in its revolving credit facility.

The news comes after Sky News reported yesterday that the retailer had approached banks behind the facility to seek an amendment to its borrowing agreements.

The news outlet also said lenders, including Barclays, HSBC and Lloyds Banking Group, were lining up AlixPartners and law firm Clifford Chance to advise them on the situation, which could pave the way for an independent business review.

Asos said in a statement today: “This action will give Asos significantly increased financial flexibility, against the uncertain economic backdrop. Asos retains a strong liquidity position, and this is a prudent step in the current environment.” 

Email this article to a friend

You need to be logged in to use this feature.

Please log in here

Subscribe For Retail News