×
46 534
Fashion Jobs
MACY'S
Asset Protection Captain, Flushing - Full Time
Permanent · New York
MACY'S
Asset Protection Captain, Square One - Full Time
Permanent · Saugus
MACY'S
Asset Protection Detective, Galleria Houston at Hidalgo - Full Time
Permanent · Houston
MACY'S
Asset Protection Detective, State Street - Full Time
Permanent · Chicago
CENTRIC BRANDS
Associate, Account Executive
Permanent · New York
CENTRIC BRANDS
Senior Analyst Basis & Security
Permanent · Greensboro
SALLY BEAUTY CORPORATE
District Manager - Cosmoprof
Permanent · Memphis
NORDSTROM
Asset Protection- Security Ambassador- Park Meadows
Permanent · Lone Tree
NORDSTROM
Asset Protection- Agent- Park Meadows
Permanent · Lone Tree
NORDSTROM
Asset Protection - Agent - Sugarhouse Rack
Permanent · Salt Lake City
NORDSTROM INC
Manager - Merchandise And Inventory - Colonie Mall Rack
Permanent · Albany
NORDSTROM
Asset Protection- Security Ambassador- Cherry Creek
Permanent · Denver
NORDSTROM
Asset Protection- Agent- The Orchards Rack
Permanent · Westminster
BANANA REPUBLIC
General Manager - Gloucester Premium
Permanent · Gloucester Township
BANANA REPUBLIC
General Manager - The Shops at Nanuet
Permanent · Clarkstown
LULULEMON
Store Business Lead | Kenwood Towne Centre
Permanent · Cincinnati
LULULEMON
Store Business Lead (Sbl) | Georgetown
Permanent · Washington
ESTÉE LAUDER
Hiring Event - Beauty Sales Managers - Bobbi Brown - Clinique - Origins - Tom Ford Beauty - Richland Mall - Waco, tx
Permanent · Waco
ESTÉE LAUDER
Digital Project Manager
Permanent · Blaine
ESTÉE LAUDER
Manager Video Post Production
Permanent · Blaine
ESTÉE LAUDER
Executive Director International Business Development
Permanent · New York
ESTÉE LAUDER
Retail Beauty Sales Manager - Clinique - 35 Hrs - The Corners - Wauwatosa, wi
Permanent · Wauwatosa
Published
May 25, 2021
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

Ted Baker pins down long-term finance deal

Published
May 25, 2021

Ted Baker has signed an extension to its revolving credit facility (RCF) with its existing lending syndicate. Pinning down long-term funding has been a key focus of many fashion retailers in recent months following the devastation caused by the pandemic.


Reuters



The retailer’s new agreement extends its RCF maturity to November 2023 and amends the covenants. Combined with its strong net cash position of £66.7 million at the end of its latest financial year, it means the group “has the necessary cash and liquidity to continue the successful delivery of its transformation plan”.

The company said its existing lending syndicate continues to show ongoing support. Under the new agreement, RCF deals worth £133 million and due to mature during 2022 will be replaced by a new RCF of £90 million (reducing to £80m in January 2022) until maturity in November 2023.  

The announcement came just a day after the company said it was postponing its annual results report that had been due on Wednesday. It blamed pandemic-linked disruption to audit work for the delay that will now see its results released on June 10.

Those results are expected to include a pre-tax loss of around £79 million with revenue of around £340 million.

Copyright © 2021 FashionNetwork.com All rights reserved.