Matalan extends debt facilities to 2029 as turnaround continues

Matalan has secured extensions to its debt facilities as it continues to push ahead with its turnaround plan.
The fashion and homeware retailer said anchor investors Invesco, Tresidor, Man Group and Napier Park had agreed to extend the maturity dates on its existing debt facilities.
The facilities, which had been due in December 2027 and January 2028, will now mature in April 2029.
Matalan said the move reflected continued investor confidence in the business and its long-term transformation stra