LONDON (Reuters) - British sofa retailer DFS Furniture (L:DFSD) is negotiating an additional debt facility of 60-70 million pounds and preparing an equity issue of up to 19.9% of its existing share capital to get it through the coronavirus crisis.
It said on Monday the additional debt facility would supplement its existing bank facility of 250 million pounds and would cover the near-term working capital unwind until sofa deliveries can resume.