Buuu Group Limited shares fall 1.86% premarket after securing a GBP175 million facility for turnaround.

Buuu Group Limited fell 1.86% in premarket trading. The company has agreed to a GBP175 million facility to support its turnaround, which provides access to funding and extends its maturity to August 2028. This new facility replaces the prior GBP125 million revolving credit facility and is provided by a number of unnamed financing parties, led by TPG Angelo Gordon. The loan's interest rate is at the Bank of England base rate plus 7.3%.