Ecommerce firm THG extends £170m revolving credit facility by 17 months to May 2026.
Ecommerce firm THG has extended its £170m revolving credit facility by 17 months to May 2026, with no changes to financial covenants or interest margin. From Dec 2024, the facility will be £150m. The Manchester-based company had a strong profit and cash performance, with closing net leverage for FY 2023 at 1.8x. The extension provides continued financial flexibility during uncertain times, and THG currently has £600m cash and undrawn facilities.
March 04, 2024
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