Hugo Boss secures syndicated loan to finance new strategy
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Hugo Boss said on Tuesday it secured a 600-million-euro syndicated loan to finance the growth strategy it announced earlier this month.The loan, which was considerably oversubscribed, will replace the company's existing 600-million-euro syndicated loan, Hugo Boss said in a statement.It has a term of five years and includes two options to extend the term by one more year in each case. It also includes an option to increase the credit amount by up to 300 million euros ($353 million), the company said.($1 = 0.8511 euros)
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