Debenhams, the ailing British department store group, said bondholders had agreed to change the terms of some of their bonds so that the firm can secure new loans of up to £200m from existing lenders. 

The group is trying to resist its biggest shareholder Sports Direct taking control of the group.

It said a majority of holders of 5.25% senior notes due 2021 had provided consent to the amendments sought to the existing notes. 

"The requisite consent level has therefore been achieved," Debenhams said.