TFG London, the owner of Hobbs, Whistles and Phase Eight has agreed a £90m refinancing facility to support its growth strategy.
The business has successfully refinanced its existing £60m debt facility and secured an additional £30m in a move that “marks a significant step forward” in its strategic growth plans, providing flexibility for further investment in its brand platform, including organic expansion both in the UK and internationally, as well as supporting the its longer-term acquisition strategy.
The debt facility was provided by a banking syndicate including, Barclays, Lloyds Bank, Natwest and Absa.
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TFG London chief financial officer Matt Wilson commented: “We are delighted to announce this successful transaction, marking an important milestone in our journey and placing us on a firm footing for sustainable, long-term growth.
“This refinancing further strengthens our balance sheet and supports us with our medium-term growth ambitions.”
TFG London acquired Phase Eight back 2015, followed by the later acquisitions of Whistles and Hobbs for an undisclosed sum.
The Group now operates over 580 points of sale across its brands in 15 international markets worldwide.
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