ASOS Secures £75 Million Financing Success with Bestseller Owner Participating

ASOS announces successful financing round of £75 million, with the participation of Bestseller owner, Anders Povlsen, and other major shareholders.

In addition, ASOS is offering retail shares worth up to £5 million to other shareholders.

The new ordinary shares are priced at 418.1p each.

ASOS has also secured £275 million in loans and credit facilities from Bantry Bay Capital.

These financing initiatives aim to support ASOS in its transformation of its buying and merchandising approach, streamline its supply chain, optimize its cost base, and enhance profitability and cash generation across all markets..

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