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Asharq Al-Awsat

Lifestyle

Asharq Al-Awsat

ASOS in Talks With Lenders to Amend Terms of $391 Million Facility

A model walks on an in-house catwalk at the ASOS headquarters in London, April 1, 2014. REUTERS/Suzanne Plunkett

British online fashion retailer ASOS is in talks with lenders to amend the terms of its 350 million pound ($391 million) borrowing facility, it said on Saturday.

“ASOS ... confirms that it is in the final stages of agreeing an amendment to the future financial covenants in its revolving credit facility, which matures in July 2024,” it said in a statement.

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