Fibre2Fashion
Toggle navigation 26
Pic: TY Lim / Shutterstock.com
Ted Baker Plc, the global lifestyle brand, has signed an extension to its revolving credit facility with its existing lending syndicate. The new agreement extends the revolving credit facility maturity to November 2023 and amends the adjusted EBITDA covenant tests, providing further financial flexibility for the London Stock Exchange-listed group.
Combined with Ted Baker s strong net cash position of
£66.7 million at the end of the financial year on January 30, 2021, the amended revolving credit facility ensures the group has the necessary cash and liquidity to continue the successful delivery of its transformation plan.
A
Private Investor is a recipient of the information who meets all of the conditions set out below, the recipient: 1. Obtains access to the information in a personal capacity; 2. Is not required to be regulated or supervised by a body concerned with the regulation or supervision of investment or financial services; 3. Is not currently registered or qualified as a professional securities trader or investment adviser with any national or state exchange, regulatory authority, professional association or recognised professional body; 4. Does not currently act in any capacity as an investment adviser, whether or not they have at some time been qualified to do so;
A
Private Investor is a recipient of the information who meets all of the conditions set out below, the recipient: 1. Obtains access to the information in a personal capacity; 2. Is not required to be regulated or supervised by a body concerned with the regulation or supervision of investment or financial services; 3. Is not currently registered or qualified as a professional securities trader or investment adviser with any national or state exchange, regulatory authority, professional association or recognised professional body; 4. Does not currently act in any capacity as an investment adviser, whether or not they have at some time been qualified to do so;
Investegate |Ted Baker PLC Announcements | Ted Baker PLC: Additional Listing investegate.co.uk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from investegate.co.uk Daily Mail and Mail on Sunday newspapers.