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British fashion retailer Ted Baker in bank refinancing

LONDON, May 25 (Reuters) - British fashion retailer Ted Baker has refinanced by extending its revolving credit facility with its existing syndicate of lending banks, it said on Tuesday.

Under the new agreement, a facility of 108 million pounds ($153 million) maturing in September 2022 and a restricted facility of 25 million pounds maturing in January 2022, will be replaced by a new facility of 90 million pounds reducing to 80 million pounds in January 2022 until maturity in November 2023. ($1 = 0.7055 pounds) (Reporting by James Davey, editing by Louise Heavens)

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