Banks back Dixons with �300m credit

James Ashton
May 2012
Evening Standard;5/25/2012, p61
DIXONS Retail, owner of the Currys and PC World chains, has agreed a new �300 million line of credit with its syndicate of banks. The electricals group said the financial covenants of its new facility � which extends the existing one for two years until June 2015 � had been "relaxed� reflecting improving cash generation". Dixons said it is "on track" for its November �160 million bond repayment.


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