Carpetright launches £60m fundraising plan

In a statement, the carpet and flooring retailer said the funds will be raised through the issue of new shares at a price of 28 pence each.

The proceeds from the fundraising will be used to cover costs associated with implementing Carpetright’s company voluntary arrangement, to repay a short-term loan from major shareholder Meditor, and to fund the company’s capital expenditure plans that form part…