H&M borrows 980 million euros to boost liquidity buffer amid pandemic
Share:
STOCKHOLM (Reuters) - H&M , the world's second-biggest fashion retailer, said on Wednesday it had signed a 980 million euro ($1.1 billion) revolving credit facility to strengthen its liquidity buffer in light of the novel coronavirus pandemic. H&M said in a statement the new 12-month bank facility with a 6-month extension option came in addition to an undrawn 700 million facility signed in 2017 and maturing 2024."The H&M group’s liquidity remains good. The group is continuing its work to..