Matalan given 2029 debt extension to focus on turnaround

Matalan’s anchor investment group has extended its existing debt facilities until mid-2029, allowing the clothing and homeware retailer’s turnaround plan more time. No additional capital is involved in this latest deal. Instead Invesco, Tresidor, Man Group and Napier Park will allow Matalan longer to manage its existing debt. Therefore, cash flow can be put towards...