Debt Advice to Sweaty Betty
Argyll Debt Advisory acted for Sweaty Betty in reviewing financing options for the next phase of its growth.
Working closely with Alistair Lee, Sweaty Betty renewed its relationship with HSBC and put in place increased structured facilities to support the growth of the business.
Sweaty Betty
rapidly growing design-driven activewear retailer for yoga, beach, snow and running
60 stores globally
Deal highlights
reviewed the business plans from a debt advisory perspective to suggest appropriate funding structures
acted as a sounding board and challenged assumptions
helped to negotiate key terms and conditions to ensure they were on market
closely supported management throughout an extended process, particularly with key documentation
Mark Smith, Group Chief Operating Officer, commented:
“Argyll once again proved themselves invaluable in assisting us in putting in place the appropriate debt structure to support our growth plans. They understand our business and helped review and challenge our plans as well as playing a key part in negotiations with HSBC. We are extremely grateful for the role they played and look forward to continuing to work with them in the future.”