Pub group struggles to refinance £2.2bn debt
The UK’s largest pubs and bars group is struggling to refinance £2.2bn of debt, saying there's no guarantee it can continue as going concern.
Solihull-headquartered Stonegate hasn't secured new loans to replace the debt that’s due for repayment in June 2025.
Talks are underway with lenders but as “refinancing plans haven’t been executed, there is an indication that a material uncertainty exists that may cast significant doubt on the company and group’s ability to continue as a going concern,” Stonegate said in a sta... You can carry on reading TheBusinessDesk.com for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...
