Boohoo repays £50mln of loan in refinancing drive
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Boohoo Group PLC has repaid £50 million of a £97 million term loan as part of a refinancing effort to streamline the company.
December 02, 2024 | 8:00 am
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Boohoo Group PLC has repaid £50 million of a £97 million term loan, indicating a strategic move to improve financial health and streamline operations.
The repayment of a significant portion of the loan suggests Boohoo is actively managing its debt, which is a positive sign for investors. This move could improve the company's financial stability and investor confidence, potentially leading to a positive short-term impact on the stock price.
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