Signet Jewelers Limited, the world\u2019s largest retailer of diamond jewellery, announced further updates to initiatives aligned with its Inspiring Brilliance strategies.<\/p>\n\n\n\n
The company has renegotiated its $1.5 billion asset-based lending facility, which now matures in 2026, contains less restrictive covenants, and affords greater financial flexibility.<\/p>\n\n\n\n
Signet also entered into new, long-term receivable purchase agreements, which provide it with improved terms and fully remove consumer credit risk from its balance sheet. \u201cWe are excited to announce two significant financial milestones today,\u201d said Joan Hilson, Chief Financial & Strategy Officer. \u201cThese actions, as well as S&P\u2019s recent upgrade of Signet\u2019s issuer credit rating resulting from our enhanced financial profile, demonstrate the progress we are making with our Inspiring Brilliance growth strategy.<\/p>\n","protected":false},"excerpt":{"rendered":"
Signet Jewelers Limited, the world\u2019s largest retailer of diamond jewellery, announced further updates to initiatives aligned with its Inspiring Brilliance strategies. The company has renegotiated its $1.5 billion asset-based lending facility, which now matures in 2026, contains less restrictive covenants, and affords greater financial flexibility. Signet also entered into new, long-term receivable purchase agreements, which…<\/p>\n","protected":false},"author":1,"featured_media":10426,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[83],"tags":[],"thb-sponsors":[],"class_list":["post-10425","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bulletin"],"acf":[],"yoast_head":"\n