Waterstones Snags New Financing

Waterstones, the U.K. bookselling chain which posted sales of £528.4 million in the fiscal year that ended April 2024, an increase of 17% increase over fiscal 2023, has secured £125 million in new financing to support its expansion plans.

Similar to Barnes & Noble, Waterstones is owned by Elliott Management and led by James Daunt. It operates about 320 stores. The new financing was jointly arranged by Barclays UK Corporate Bank and HSBC UK Bank.

“Waterstones would like to thank Barclays and HSBC for their continued partnership in increasing the syndicated facility that supports the financing needs of the business,” said Karen Ashworth, CFO of Waterstones in a statement.

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