Asda refinances £3.2 billion debt at higher interest rates
by Simon Hunt
May 03, 2024
2 minutes
Asda has refinanced its billion-pound debt pile as the supermarket seeks to put its finances on a stronger footing after the billionaire Issa brothers and private equity firm TDR saddled the firm with loans when they bought it from Walmart in 2021.
The firm said it successfully raised £1.75 billion of senior secured notes at a rate
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