British luxury clothing retailer Ted Baker gets bank refinancing

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Ted Baker Plc, the global lifestyle brand, signed an extension to its revolving credit facility with its existing loan syndicate. The new agreement extends the term of the revolving credit facility until November 2023 and modifies the adjusted EBITDA covenants tests, providing additional financial flexibility to the London Stock Exchange listed group.
Combined with Ted Baker’s strong net cash position of
Under the new agreement, the existing RCF of
Fibre2Fashion Information Office (RKS)
Ted Baker Plc, the global lifestyle brand, has signed an extension to its revolving credit facility with its existing loan syndicate. The new agreement extends the maturity of the revolving credit facility until November 2023 and modifies the adjusted EBITDA covenants tests, providing additional financial flexibility to the London Stock Exchange listed group.