Sky News has learnt that New Look is working with advisers at Deloitte on exploring options for a term loan which matures in June 2024
New Look, the high street fashion chain, has kicked off talks with its lenders about refinancing £100m of debt amid a tough trading outlook for Britain's major clothing retailers.
Among the holders of the debt are Alteri, the specialist retail investor, Davidson Kempner and an arm of the Wall Street bank Goldman Sachs. It marks the latest chapter in the chain's journey towards a sustainable long-term capital structure following two painful restructurings, the more recent of which concluded in 2021.
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