B&M has agreed a new deal with seven banks to secure £450m in possible funding.
The Liverpool-headquartered discount retail giant revealed to investors on Monday that it has completed a refinancing of its bank facilities.
The syndicate of seven unnamed banks have agreed to provide B&M a £225m term loan and a £225m revolving credit facility (RCF).
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B&M said they will "fully cover our anticipated bank borrowing requirements".
They replace B&M's existing £300m term loan and £155m RCF that were expected to mature in April 2025.
Shares in B&M have been on the rise since a low of 282p in October 2022 and are now worth around 480p each.
In January, the company raised its expectations after its sales grew during the vital Christmas trading period.
It revealed its group sales totalled £1.567bn for the three months to December 24, 2022, up from the £1.395bn it achieved during the same period in 2021.
As a result, B&M said it now expects its group full-year adjusted EBITDA to be between £560m and £580m, ahead of current analysts' consensus estimate of £557m.
Its UK sales increased from £1.181bn to £1.302bn in the quarter while its France division's sales went from £109m to £136m.
Heron Foods' sales also increased from £105m to £129m.
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