• BGNFS Email Banner1 Web Button

  • IMbanner May 2018

  • The Flooring Show 2018

  • IM Awards 480x2001

  • 412688 MFS 03 Web Banners 480x200 Rotating

  • Tendence2018

  • Greenwood Retail December 2017

  • This email address is being protected from spambots. You need JavaScript enabled to view it.

  • This email address is being protected from spambots. You need JavaScript enabled to view it.

Carpetright secures interim funding with second shareholder loan

Carpetright has secured the funding it said it needed to survive before raising £60m from shareholders.

The chain’s largest shareholder Meditor, which owns 29.99% of the retailer, has loaned it £15m to be repaid on 31 July. Carpetright is paying a £2.25m arrangement fee and 18% annual interest.

Carpetright borrowed £12.5m from Meditor in March, which is to be repaid on 31 August, at an interest rate of 3%.

It said that it still intended to begin raising funds from shareholders on or around 18 May.