Matalan’s lenders appoint advisors


Matalan’s lenders appoint advisors

It is being reported that Matalan bondholders are about to appoint a firm of advisors to assist in negotiating future financial arrangements with the retail business. This is ahead of a repayment – £350m – which falls due early next year.

Via a statement, Matalan said that it was continuing to evaluate alternatives and monitor market conditions with respect to potential refinancing of its indebtedness.

The privately-owned retail business operates 230 UK stores, sells online and also has 50 franchised outlets overseas. It employs around 10,000 people.

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