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The Hut Group secures £345m loan for expansion

The Hut Group has received a £345m revolving credit facility to fund new acquisitions and international expansion. 

The revolving credit facility, term loan and an accordion option (so called because it allows businesses to “stretch” their loan as required, within agreed limits) have been provided by HSBC, Barclays, Santander, Bank of Ireland, Silicon Valley Bank, Lloyds and RBS.

The Hut Group has 130 websites in 34 languages and 20 currencies.

Matthew Moulding, chief executive of The Hut Group, said: “2016 saw a step change in investment to power future growth, with a total of £250m invested in infrastructure development.

“This new facility provides us with a very powerful foundation to further differentiate our business model and expand both in the UK and internationally, with a specific focus on supply chain integration across the health and beauty sectors.”

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