Your browser is no longer supported. For the best experience of this website, please upgrade to a newer version or another browser.

Your browser appears to have cookies disabled. For the best experience of this website, please enable cookies in your browser

We'll assume we have your consent to use cookies, for example so you won't need to log in each time you visit our site.
Learn more

Woolworths agrees £385 million refinancing

Woolworths has agreed a refinancing package totalling £385 million to fuel its growth.

The deal comprises a £350m secured asset-based lending facility, arranged and underwritten jointly by Burdale Financial Limited, a subsidiary of Bank of Ireland Group, and GMAC Commercial Finance, as well as a further £35m loan from ADM Capital.

Woolworths group finance director Stephen East said: "The new financing arrangements provide the group with flexible long-term facilities, which will enable its continued development, and in particular, support the growth in the entertainment wholesale businesses."


Have your say

You must sign in to make a comment

Please remember that the submission of any material is governed by our Terms and Conditions and by submitting material you confirm your agreement to these Terms and Conditions. Links may be included in your comments but HTML is not permitted.