Department stores

Harrods lockdown closure prompts credit renegotiation

By 9 November 2020

Harrods has rejigged a credit line

Department store Harrods has renegotiated the covenants of a £200m syndicated loan following the latest Covid-19 lockdown.

Harrods Group modified the details of a syndicated loan in August to avoid breaching covenants, The Sunday Times reported.

 

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