Sources said the $190 million loan has been structured as an asset-backed lending facility that would see Soul Patts and Hilco exit David Jones’ debt stack.
is running the transaction on Anchorage’s behalf, and has secured Nomura and Gordon Brothers as lead lenders for the refinancing.
It comes nearly two years after Anchorage’s dealmakers agreed to buy the chain from South Africa’s Woolworths for $92.5 million – or a 75 per cent discount to the book value – following 18 months of negotiations. Woolworths paid $2.1 billion to buy the chain in 2014.Fyfe said the retailer’s results for the 2024 financial year were in line with expectations
David Jones has said it is investing more than $250 million into the business over the coming years, including about $100 million into stores with beauty floors and $75 million into digital channels.showed shoppers’ confidence is finally returning after two years in the doldrums, especially on clothing and eating out. Retail turnover rose 0.7 per cent in August in seasonally adjusted terms, to be 3.1 per cent higher over the year.
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