Morrisons has today announced the successful conclusion of its recent debt amendment and extension exercise, together with the repayment of a further £200 million of debt. Since the acquisition of the business by CD&R, Morrisons has now repaid a total of £2.4 billion of debt, bringing the current debt figure down by around 40% from £6.2 billion to £3.8 billion.
Category
🗞
NewsTranscript
00:00Hello, my name is Greg Wright. I'm the Deputy Business Editor of the Yorkshire Post and
00:05here are your headlines for this morning. The Bradford-based supermarket chain Morrisons
00:10has announced a successful conclusion of its recent debt amendment and extension exercise,
00:16together with the repayment of a further £200 million of debt. Since the acquisition of
00:21the business by CD&R, Morrisons has now repaid a total of £2.4 billion of debt, bringing
00:27the current debt figure down by around 40%, from £6.2 billion to £3.8 billion. Joe Gough
00:35of Morrisons said the supermarket was very pleased with the rapid progress of the deleveraging
00:41programme. My name is Greg Wright. I'm the Deputy Business Editor of the Yorkshire Post.