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Debenhams Paves Way for New Loan From Lenders in Blow to Ashley

Debenhams Plc asked bondholders to approve further lending from its secured creditors, rebuffing attempts by billionaire Mike Ashley to provide his own money to the struggling retailer. The U.K. department store chain started a process on Friday to get bondholder approval for as much as 200 million pounds ($262 million) of new lending from a…

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