Free Subscription

  • Access 15 free news articles each month

Professional

Try one month for $5
  • Unlimited access to news,insights and opinions
  • Quarterly and weekly magazines
  • Independent research reports and forecasts
  • Quarterly webinars with industry experts
  • Q&A with retail leaders
  • Career advice
  • Exclusive Masterclass access. Part of Retail Week 2021

Bapcor refinances debt, gains access to $520m

Autobarn-owner Bapcor has successfully entered into a new $520 million debt package with existing lenders and new financier Metropolitan Life Insurance Company (MetLife) to establish an improved debt platform. One of the largest institutional investors in the world, MetLife is joined in the financing by ANZ, Westpac, MUFG Bank and HSBC. According to the business, the new package provides increased headroom, improved terms and pricing, as well as a new tranche of long-term debt. “The new debt f