Frasers Group gets £930 million replacement term loan, revolver

By Marisa Wong

Los Angeles, Dec. 1 – Frasers Group plc announced it entered into a new up to £930 million term loan and revolving credit facility with its banks to replace its existing facility of £913.5 million.

The new facility is valid for three years, with two one-year extension options for a total tenor of up to five years.

The facility includes an accordion option to increase this facility to £1.2 billion.

The British retail and intellectual property group is based in Shirebrook, U.K.

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