UK’s Hut Group raises one billion euros for expansion

(Reuters) - British online retailer The Hut Group (THG) said it raised 1 billion euros (857.37 million pounds) to help fund expansion, amid macro-economic and political changes arising from Brexit and the general election. The new capital comprises a 600 million euro term loan, a five-year 150 million pound ($192.45 million) credit facility and a 200 million pound package provided to a new THG subsidiary, the company said in an emailed statement to Reuters. Sky News first reported on Sunday about the Manchester-based company's plans to raise the capital.

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