Struggling Debenhams says it has netted a £40m credit score facility because it continues talks with lenders to safe its monetary future.

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The division retailer chain, which is finishing up a change plan in trade for continued help from its banks, mentioned the brand new funds would “act as a bridge to facilitate a broader refinancing and recapitalisation.”

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Debenhams mentioned it hoped to conclude a “complete” settlement in the end.

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