House of Fraser ropes in Rothschild for debt refinancing

Department store chain House of Fraser has brought investment bank Rothschild on board as the company looks at refinancing its debt package, reports The Telegraph. Rothschild is expected to advise the troubled UK retailer, owned by China’s Sanpower, on the refinancing of 225 million pounds (312 million dollars) of its 390 million pounds (540 million dollars) debt package, maturing in July 2019, while the remaining publicly traded bonds worth 165 million pounds (228.5 million dollars) are due to mature in 2020. The move follows after House of Fraser’s disappointing festive sales.