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Evening Standard
Evening Standard
Business
Simon Hunt

Issa brothers’ EG Group launches huge $6.1 billion debt refinancing deal as loan deadlines loom

Issa EG Group Group Asda

The Issa brothers’ EG Group has embarked on a staggering $6.1 billion debt refinancing deal as it faces looming deadlines over billions of pounds of loans.

The firm said today it had entered into discussions with lenders to extend the length of its loans as well as its overdraft facilities as it reported a first quarter drop in earnings.

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