Debenhams confirms it is in talks about borrowing £150m

Funding, in addition to £520m of long-term debt, would enable chain to restructureDebenhams has confirmed it is in advanced negotiations about borrowing £150m as it battles for survival.The funding, which would be in addition to £520m of long-term debts, is intended to ensure credit insurers restore cover for Debenhams’ suppliers and to enable the business to restructure its store portfolio. Continue reading...