THG Completes Debt Refinancing to 2029

Dow Jones

2025/04/04

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.

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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</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4107","symbol_name":"財產與意外傷害保險","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":{"BK4107":"财产与意外伤害保险","LU2065732104.USD":"ALLSPRING (LUX) WF GLOBAL SMALL CAP EQUITY \"I\" (USD) ACC","THG":"汉诺威保险"},"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"}}}