An announcement from THG ( (GB:THG) ) is now available.
THG PLC has successfully completed a debt refinancing exercise, extending the maturity of its Term Loan B and RCF to 2029, and partially repaying Term Loan A and TLB. This refinancing reduces the company’s net total leverage and aligns with its goal of achieving a neutral net cash/net debt position, highlighting its cash-generative nature. The move is expected to strengthen THG’s financial stability and support its strategic objectives, with further performance details to be released in the upcoming financial results.
More about THG
THG PLC is a global e-commerce group based in Manchester, UK, operating through two main consumer businesses: THG Beauty and THG Nutrition. THG Beauty manages online platforms like Lookfantastic, Dermstore, and Cult Beauty, providing market access for over 1,300 third-party brands, along with its own brand portfolio. THG Nutrition, led by Myprotein, the world’s largest online sports nutrition brand, covers various health and wellness categories, delivering products directly to consumers and through strategic offline partnerships globally.
YTD Price Performance: -28.15%
Average Trading Volume: 6,472,261
Technical Sentiment Signal: Strong Buy
Current Market Cap: £488.9M
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