LONDON (Reuters) – British chocolatier Hotel Chocolat <HOTC.L> has increased its banking facilities to help get it through the coronavirus crisis, it said on Monday.
The firm said it had agreed a 35 million pounds ($43.5) million) revolving credit facility with Lloyds Bank <LLOY.L>, replacing a 10 million pounds overdraft. The new facility follows a 22 million pounds equity placing in March.
Hotel Chocolat closed all its stores on March 23 in line with the UK lockdown. It said this had a material impact on Easter trading but was partly mitigated by online sales.
(Reporting by James Davey; editing by Sarah Young)