New Look secures £40m lifeline with creditors

// New Look secures agreement with creditors to invest in strategic business plan
// The transaction will deliver a new money investment of £40 millionNew Look has secured an agreement with its financial creditors to “rebase” its existing leasing portfolio.
The transaction will extend New Look’s facilities, deliver a new money investment of £40 million and significantly de-leverage the balance sheet.
The fashion retailer will have funding to provide a “su