Glimmer of hope for HMV after 'debt deal'

2:54pm Tuesday 22nd January 2013 in News By Simon Farr

HMV High Wycombe HMV High Wycombe

HMV has been given a glimmer of hope after reports suggest restructuring specialists Hilco has bought the chain’s debt.

According to reports, Hilco – which bought out HMV Canada in 2011 – has secured a deal with HMV’s lenders, the Royal Bank of Scotland and Lloyds.

Although its dept purchase does not officially mean Hilco owns HMV, it effectively gives the firm control of the ailing music giant - which went into administration last week.

It could now mean there is a route out of trouble for HMV and its estimated workforce of about 4,000 people.

Neither Hilco or HMV's administrator Deloitte have commented on the reports.

Comments (5)

3:07pm Tue 22 Jan 13

miccles says...

Now you can use the vouchers, going ion there on saturday to spend them before they change their mind.
Now you can use the vouchers, going ion there on saturday to spend them before they change their mind. miccles

3:12pm Tue 22 Jan 13

AlpinaB5 says...

I'd use the vouchers asap if I were you just in case!
I'd use the vouchers asap if I were you just in case! AlpinaB5

5:17pm Tue 22 Jan 13

Cressex Offender says...

Have they said they're accepting vouchers again.
Have they said they're accepting vouchers again. Cressex Offender

5:19pm Tue 22 Jan 13

miccles says...

Cressex Offender wrote:
Have they said they're accepting vouchers again.
Yes, as from today they are now accepting them.
[quote][p][bold]Cressex Offender[/bold] wrote: Have they said they're accepting vouchers again.[/p][/quote]Yes, as from today they are now accepting them. miccles

11:24am Wed 23 Jan 13

Cressex Offender says...

Better get down there then! Cheers
Better get down there then! Cheers Cressex Offender

Comments are closed on this article.

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