Dixons Retail, Europe's second-biggest electrical goods retailer, has said it is well placed to make a crucial £160 million bond repayment.
It plans to make the payment this year and has also agreed a new £300m banking facility.
Shares in the firm, which trades as Currys and PC World in the UK, rose 7% today after it said it was on course to redeem its 6.125% bonds due November 15.
Dixons, which earlier this month posted better-than-expected fourth quarter sales, also said it has agreed a £300 million revolving credit facility with its syndicate of banks.
The agreement effectively extends the firm's current facility, which was due to mature in 2013, until June 30 2015.
The facility, which has slightly relaxed covenants, will reduce in size to £200 million by September 2014.
Shares in Dixons, up 42% over the last six months, were up 1 pence at 15.3 pence at 0906 GMT, valuing the business at about £550 million.
