Debenhams has secured an extra £50 million of funding in order to help the company generate more customers in the run up to the peak Christmas period.
The retailer said that some of the lenders that took control of the company in April agreed to provide the extra funds on ‘substantially’ the same terms as a £200 million loan in March.
Chief executive Stefaan Vansteenkiste said: "We are delighted that our investor consortium have reaffirmed their commitment to the business by making available additional financing support for our peak trading period.
"We are in a strong position to continue to invest in marketing and new product initiatives as we prepare for the important Christmas season."
The money is set to be used on extra marketing and promotion of its Christmas ranges.
