THG Completes Debt Refinancing to 2029

Dow Jones2025-04-04

By Anthony O. Goriainoff

THG said it renegotiated several financing agreements, underlining its progress toward a neutral net cash, net debt position.

The U.K. e-commerce company--known as The Hut Group--on Friday said it agreed to extend the maturity of a 445 million euros ($491.9 million) loan to December 2029, and of an existing 150 million pounds ($196.5 million) revolving credit facility to May 2029 from May 2026.

The company also made a partial repayment on a 74 million pounds loan, it said.

"As a result of the proposed refinancing, net total leverage--excluding leases--decreases from 3.2x to 2.2x [3.2 times to 2.2 times] pre deal fees based on fiscal 2024 continuing adjusted Ebitda--excluding Ingenuity--of 92 million pounds," it said.

Logistics business THG Ingenuity was spun off earlier in the year so as to increase shareholder value.

Write to Anthony O. Goriainoff at anthony.orunagoriainoff@dowjones.com

(END) Dow Jones Newswires

April 04, 2025 02:40 ET (06:40 GMT)

Copyright (c) 2025 Dow Jones & Company, Inc.

At the request of the copyright holder, you need to log in to view this content

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2524278359?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2025-04-04 14:40","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2524278359","market":"nz","top_or_hot":-1,"title":"THG Completes Debt Refinancing to 2029","media":"Dow Jones","content":"<font class=\"NormalMinus1\" face=\"Arial\">\n<pre>\n \n</pre>\n<p>\n  By Anthony O. Goriainoff \n</p>\n<pre>\n \n</pre>\n<p>\n  THG said it renegotiated several financing agreements, underlining its progress toward a neutral net cash, net debt position. \n</p>\n<p>\n  The U.K. e-commerce company--known as The Hut Group--on Friday said it agreed to extend the maturity of a 445 million euros ($491.9 million) loan to December 2029, and of an existing 150 million pounds ($196.5 million) revolving credit facility to May 2029 from May 2026. \n</p>\n<p>\n  The company also made a partial repayment on a 74 million pounds loan, it said. \n</p>\n<p>\n  \"As a result of the proposed refinancing, net total leverage--excluding leases--decreases from 3.2x to 2.2x [3.2 times to 2.2 times] pre deal fees based on fiscal 2024 continuing adjusted Ebitda--excluding Ingenuity--of 92 million pounds,\" it said. \n</p>\n<p>\n  Logistics business THG Ingenuity was spun off earlier in the year so as to increase shareholder value. \n</p>\n<pre>\n \n</pre>\n<p>\n  Write to Anthony O. Goriainoff at anthony.orunagoriainoff@dowjones.com \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  April 04, 2025 02:40 ET (06:40 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>THG Completes Debt Refinancing to 2029</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nTHG Completes Debt Refinancing to 2029\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2025-04-04 14:40</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<pre>\n \n</pre>\n<p>\n  By Anthony O. Goriainoff \n</p>\n<pre>\n \n</pre>\n<p>\n  THG said it renegotiated several financing agreements, underlining its progress toward a neutral net cash, net debt position. \n</p>\n<p>\n  The U.K. e-commerce company--known as The Hut Group--on Friday said it agreed to extend the maturity of a 445 million euros ($491.9 million) loan to December 2029, and of an existing 150 million pounds ($196.5 million) revolving credit facility to May 2029 from May 2026. \n</p>\n<p>\n  The company also made a partial repayment on a 74 million pounds loan, it said. \n</p>\n<p>\n  \"As a result of the proposed refinancing, net total leverage--excluding leases--decreases from 3.2x to 2.2x [3.2 times to 2.2 times] pre deal fees based on fiscal 2024 continuing adjusted Ebitda--excluding Ingenuity--of 92 million pounds,\" it said. \n</p>\n<p>\n  Logistics business THG Ingenuity was spun off earlier in the year so as to increase shareholder value. \n</p>\n<pre>\n \n</pre>\n<p>\n  Write to Anthony O. Goriainoff at anthony.orunagoriainoff@dowjones.com \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  April 04, 2025 02:40 ET (06:40 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"THG","symbol_name":"汉诺威保险","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2524278359","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2524278359","pubTimestamp":1743748800,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"THG said it renegotiated several financing agreements, underlining its progress toward a neutral net cash, net debt position.The U.K. e-commerce company--known as The Hut Group--on Friday said it agreed to extend the maturity of a 445 million euros  loan to December 2029, and of an existing 150 million pounds  revolving credit facility to May 2029 from May 2026.The company also made a partial repayment on a 74 million pounds loan, it said.\"As a result of the proposed refinancing, net total leverage--excluding leases--decreases from 3.2x to 2.2x [3.2 times to 2.2 times] pre deal fees based on fiscal 2024 continuing adjusted Ebitda--excluding Ingenuity--of 92 million pounds,\" it said.Logistics business THG Ingenuity was spun off earlier in the year so as to increase shareholder value.","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"THG":"汉诺威保险","BK4107":"财产与意外伤害保险","LU2065732104.USD":"ALLSPRING (LUX) WF GLOBAL SMALL CAP EQUITY \"I\" (USD) ACC"},"translate_title":"THG完成债务再融资至2029年","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"THG":1},"content_text":"By Anthony O. Goriainoff \n\n\n \n\n\n  THG said it renegotiated several financing agreements, underlining its progress toward a neutral net cash, net debt position. \n\n\n  The U.K. e-commerce company--known as The Hut Group--on Friday said it agreed to extend the maturity of a 445 million euros ($491.9 million) loan to December 2029, and of an existing 150 million pounds ($196.5 million) revolving credit facility to May 2029 from May 2026. \n\n\n  The company also made a partial repayment on a 74 million pounds loan, it said. \n\n\n  \"As a result of the proposed refinancing, net total leverage--excluding leases--decreases from 3.2x to 2.2x [3.2 times to 2.2 times] pre deal fees based on fiscal 2024 continuing adjusted Ebitda--excluding Ingenuity--of 92 million pounds,\" it said. \n\n\n  Logistics business THG Ingenuity was spun off earlier in the year so as to increase shareholder value. \n\n\n \n\n\n  Write to Anthony O. Goriainoff at anthony.orunagoriainoff@dowjones.com \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  April 04, 2025 02:40 ET (06:40 GMT)\n\n\n  Copyright (c) 2025 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"tenantId":"TBGLOBAL","deviceId":"web-server-community-laohu8-v3","version":"4.36.0","shortVersion":"4.36.0","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2524278359","isCrawlerRequest":true}