Asda obtains a US$196-million loan to postpone debt maturities

Following a US$4 billion refinancing in May 2024, the UK’s third-largest grocery retailer Asda (2023 sales of US$ 27.2 billion+ 7,1 % in a year) obtained a US$196 million loan on December 4, 2024. Combined with equivalent balance sheet cash, this will help to repay debt over the next 2 years (i.e. US$400 million between now and 2026). At the end of 2023, Asda’s net debt stood at US$4.76 billion, up 3.8%. However, in the Q3 to late September 2024, during which like-for-like sales fell by 4.8% to