Moulding Invests £60m in THG for Debt Refinancing

THG, the Manchester-headquartered online retailer, has announced a debt refinancing package set to extend its financial strategies till 2029 amidst broader market ambitions. Central to this development is the financial commitment of its CEO and founder, Matt Moulding, who is set to invest up to £60m of his own capital. This commitment follows his previous £50m investment since THG's IPO. The refinanced package aims to reduce THG's debt, replacing existing banking facilities that were scheduled to expire in 2026, with a longer-term structure. By separating THG Ingenuity from THG Beauty and THG Nutrition, the company has returned to the FTSE 250 Index. This strategic financial manoeuvre is occurring against a backdrop of industry hesitancy and global volatility. Moulding, who has forgone a traditional salary and expenses package worth approximately £15m since the IPO, sees this approach as nurturing his corporate offspring. The refinancing plan articulates specific financial revisions, including extending the EUR term loan B to 2029, repaying outstanding loan balances, and securing new equity contributions. This calculated initiative signals THG’s strategic optimism despite current economic unpredictability.