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Frasers Group refinances with new 3 billion pounds credit facility

Frasers Group PLC has successfully secured a new term loan and revolving credit facility totalling up to 3 billion pounds, replacing its previous financing arrangements of 1.65 billion pounds (excluding Frasers Group Financial Services Limited's securitised loan). The new facility is set for a three-year term, with the option for two one-year...

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Frasers Group takes control of XXL ASA amid liquidity and supply chain challenges

British fashion giant Frasers Group has taken over XXL ASA after its largest shareholder divested its shares. The news comes on the back of the Norwegian sporting goods retailer announcing that it is in need of short-term liquidity “in order not to breach its financial covenants”. Frasers, which had been pursuing a takeover of XXL since 2024,...

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