Very Group seals £598m refinancing deal

The Very Group has secured a major refinancing package worth £598m as it looks to strengthen its balance sheet and extend debt maturities.
The online retail group confirmed it will issue senior secured notes due in August 2027, while also extending its £150m revolving credit facility until February 2027.
The money raised from the refinancing, along with some of the group’s existing cash, will be used to pay off £575m of debt that was originally due in August 2026. The new