ASOS agrees new £237.5m term loan as turnaround enters final phase

ASOS has refinanced its debt with a new £237.5m loan package, giving the online fashion retailer more flexibility and a stronger financial position as it moves into the final stage of its turnaround plan.
The new agreement includes a £150m term loan and an £87.5m delayed draw term loan (DDTL) from a group of private lenders.
The five-year deal runs until November 2030 and increases the online fashion retailer’s available liquidity by £87.5m.
It is understood it will