Debenhams to fund credit facility repayment with new notes proceeds

By Tali Rackner

Norfolk, Va., June 20 – Debenhams plc said it will prepay existing credit facilities with the proceeds from a new senior notes offering, according to a filing with the London Stock Exchange.

Proceeds will also be used to pay the fees and expenses related to the offering and sale of the notes.

Debenhams is a London-based department store group.

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