HMV closes on refinancing deal

Embattled high street retailer HMV was today reported to be on the verge of a refinancing deal that will secure its immediate future.

HMV closes on refinancing deal
Sun, 05 Jun, 2011 - 14:59

Embattled high street retailer HMV was today reported to be on the verge of a refinancing deal that will secure its immediate future.

The continued support of HMV’s lenders, led by Lloyds Banking Group and Royal Bank of Scotland, follows the recent sale of HMV’s book shop business Waterstone’s to Russian billionaire Alexander Mamut for £53 million.

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