The latest announcement is out from THG ( (GB:THG) ).
THG PLC has successfully raised £90 million through an oversubscribed equity placing, with significant contributions from new investors and existing shareholders, including a £60 million investment from Matthew Moulding. This fundraise will be used to reduce the company’s debt, specifically by repaying the Term Loan A and downsizing the TLB. The move follows the Ingenuity demerger and inclusion in the FTSE 250, marking a significant step in THG’s strategy to simplify its debt and equity structure, enhancing its position as a cash-generative entity poised for further growth in consumer markets.
More about THG
THG PLC, also known as The Hut Group, is a global retailer and brand owner operating in the consumer markets. The company focuses on e-commerce and technology services, offering a range of products and solutions to enhance online retail experiences.
YTD Price Performance: -24.41%
Average Trading Volume: 5,863,686
Technical Sentiment Signal: Buy
Current Market Cap: £540.6M
Learn more about THG stock on TipRanks’ Stock Analysis page.