Published by Global Banking & Finance Review®
Posted on November 13, 2025
1 min readLast updated: January 21, 2026
Add as preferred source on GoogleASOS announces a $319 million refinancing to reduce interest costs and improve liquidity, boosting its stock by 4%. The company aims to tackle market challenges.
LONDON (Reuters) -British online fashion retailer ASOS said on Thursday a 238 million pounds ($319 million) refinancing would improve its liquidity headroom and reduce its interest bill, sending its shares higher.
ASOS stock was up 4%, paring 2025 losses to 47%, after it said it had agreed a new 150 million pound term loan and an 87.5 million pound delayed draw term loan with a syndicate of private lenders.
The loans are committed for five years to November 2030 and bring a 5 million pounds reduction in annual interest costs versus the previous facility provided by Bantry Bay.
ASOS warned on annual revenue in September, blaming weak consumer demand.
The group has been working to revive its fast-fashion appeal among its core base of shoppers in their 20s, while cutting costs amid intensifying competition from Chinese rivals and the impact of U.S. trade tariffs.
It will publish 2024/25 results on November 21.
($1 = 0.7451 pounds)
(Reporting by James Davey, editing by Sarah Young)
Interest costs refer to the expenses incurred by a borrower for the use of borrowed funds, typically expressed as a percentage of the principal amount.
Liquidity refers to the ability of an entity to meet its short-term financial obligations using its most liquid assets, such as cash or cash equivalents.
Annual revenue is the total income generated by a business from its operations over the course of a year, before any expenses are deducted.
A term loan is a type of loan that is repaid over a set period of time, typically with fixed monthly payments and a specified interest rate.
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