Hilco Capital takes over CommBank's debt in EziBuy liquidation

The retailer's distribution centre in Palmerston North. (Image: NZME)

Wed, 21 Aug 2024

UK restructuring outfit Hilco Capital has stepped in to refinance Commonwealth Bank of Australia's $43 million debt from the EziBuy liquidation.The transaction was made public in the liquidators’ six-monthly report released to the Companies Office on Monday. In April last year, EziBuy’s Australian parent company, Mosaic Brands, put the Palmerston North-founded clothing retailer into voluntary administration, owing creditors roughly $117m.Initially appointed as administrators in April 2023, Australian-based Olvera&rsquo...

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