Retail investor Hilco has injected millions of pounds of funding into Wilko to help secure its future.
Hilco has agreed to lend around £5m to the Nottinghamshire retailer, according to reports from Sky News.
The new loan follows the £40m two-year revolving credit facility Wilko secured from Hilco at the beginning of 2023.
The news comes after reports last week that a change in ownership could be on the horizon for Wilko and follows discussions with financial investors regarding raising new equity to finance the firm through a restructuring process.
Wilko had also recently been looking to finalise a company voluntary arrangement to facilitate rent cuts at hundreds of shops.
Wilko is the UK’s 23rd biggest retailer, employing 16,000 team members. It operates 400 stores across the UK.
