iNTERTAIN Ltd, the owner and operator of the Walkabout brand, has announced the completion of a restructuring of its main debt facilities, which includes the granting of new long term funding arrangements.
Following the completion of the CVA in February, UK investor, Better Capital, provided a new five year funding facility to the Group. The new facility will be used fund a refurbishment program in its core venues and expansion of the estate.
iNTERTAIN’s CEO, John Leslie, commented: “I am delighted we are now in a position to continue our refurbishment programme. We have achieved great returns on previous investments, so we’re very excited about the future.
“Walkabout is a strong brand with great potential for growth. We are not represented in many of the key towns and cities in the UK, but this new facility will allow us to look for opportunities to grow the business.”
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