Secured lenders take the reins after Debenhams collapses into pre-pack administration
Debenhams has secured refinancing facilities of £101m and £99m from its existing lenders
Bondholders move to bring department store chain closer to £200m refinancing deal.
Tech giant is expanding its presence at Regent’s Place, NW1.
Offer would be conditional on Mike Ashley becoming chief executive.
Facility provides crucial headroom while refinancing and recapitalisation discussions continue.
Group like-for-like sales at Debenhams fell by 5.7% in the 18 weeks to 5 January.
The Grade II listed Arding and Hobbs building has been let to Debenhams for more than 16 years
The stores are in Bournemouth, Cardiff, Chelmsford and Chester
The Sport Direct chief executive has called for an online sales tax
2.4m sq ft of space will be closed on the UK’s high streets over next three to five years
A broader rethink of leasing models could help strengthen the ties between retailers and landlords