Debenhams has said it will give “careful consideration” to a £150m loan offer from its largest shareholder Sports Direct.
The struggling high street chain, which is already in talks with existing lenders about a £150m financing package, said it would “engage with Sports Direct and other stakeholders regarding its feasibility”.
It added that any third-party loan offer from Sports Direct, headed by Mike Ashley, would require both the consent of its existing lenders and its bondholders as well as “material amendments to existing facilities”.
