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Alexon explores options for appropriate capital structure
20 Sep '11
4 min read
Whilst the Group is exploring its options to put in place a more appropriate capital structure, the Group is currently operating with limited headroom against its existing facilities and accordingly there is a clear requirement for additional funding in the short term as it enters the seasonal peak in working capital requirements.
In the light of this, the Company has also invited and received indicative proposals to acquire one or more of the Group's brands or provide alternative debt financing from a number of trade and financial parties. These proposals are currently being considered by the Board and the Company's advisers.
The Company is in constructive discussions with its lender, Barclays, who are supportive of the Company's process and timetable to address the capital structure.
Alexon Group PLC is a ladies clothing retailer, which began trading in 1929. Since those early days many things have changed. But what hasn't is our passion and dedication to creating quality fashion that's well made, stylish and fits beautifully.
In the light of this, the Company has also invited and received indicative proposals to acquire one or more of the Group's brands or provide alternative debt financing from a number of trade and financial parties. These proposals are currently being considered by the Board and the Company's advisers.
The Company is in constructive discussions with its lender, Barclays, who are supportive of the Company's process and timetable to address the capital structure.
Alexon Group PLC is a ladies clothing retailer, which began trading in 1929. Since those early days many things have changed. But what hasn't is our passion and dedication to creating quality fashion that's well made, stylish and fits beautifully.
Alexon Group plc
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