TPG revives Debenhams links with £175m Boohoo debt deal

TPG revives Debenhams links with £175m Boohoo debt deal

The investment firm which helped take Debenhams private in 2003 before re-floating it three years later is in talks to provide a big chunk of debt to the brand's current owner, Sky News learns.

Debenhams Group close to securing debt deal with former owner - Retail Gazette

Debenhams Group, formerly Boohoo Group, is close to securing a £175m refinancing deal from its former owner TPG. The fashion giant is understood to be in advanced talks about a lending arrangement with the US-based investment giant, though it is unclear the size of the package and extent to TPG’s contribution, Sky News reported. A refinancing deal with TPG will see the firm return as a Debenhams stakeholder more than 20 years after it was part o…