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The independent

Debenhams share price rockets 40% as retailer grabs £40m loan lifeline

The independent - 6 days ago
Debenhams has received a £40m cash injection from its lenders, which will allow the struggling department store more time to find a long-term refinancing deal. Shares in the retailer surged by 40 per cent after the group reported that it had secured a 12-month credit facility which will “act as a bridge to facilitate a broader refinancing and recapitalisation”.